KCCI, KCCI, and KITA "Welcome Lee Jae-yong's Acquittal... Hope for Public Trust"

Chairman Lee's Comment on the First Trial Not Guilty Verdict

Economic organizations such as the Korea Chamber of Commerce and Industry, the Korea Employers Federation, and the Korea International Trade Association announced on the 5th that they actively welcome the first trial acquittal of Samsung Electronics Chairman Lee Jae-yong regarding the Samsung C&T-Cheil Industries merger case.

Kang Seok-gu, head of the investigation department at the Korea Chamber of Commerce and Industry, said on the day, "We actively welcome the first trial ruling that acquitted Chairman Lee in the Samsung C&T-Cheil Industries merger case."

Head Kang added, "The ruling is expected to greatly help our companies' global competition to secure leadership in advanced industries and our economy, which is just beginning to recover."

The Korea Employers Federation stated, "The business community respects the court's judgment and is relieved that the suspicions and misunderstandings raised so far have been resolved through the ruling."

They continued, "We expect the Samsung Group to break free from management uncertainties caused by judicial risks and to further devote itself to national economic development through active investment and job creation."

Samsung Electronics Chairman Lee Jae-yong is attending the first trial sentencing hearing related to accounting fraud and unfair mergers held at the Seoul Central District Court in Seocho-gu, Seoul on the 5th. Photo by Kang Jin-hyung aymsdream@

Kim Go-hyun, executive director of the Korea International Trade Association, said, "We expect that the ruling will help resolve the judicial risks faced by the global company Samsung, thereby aiding Korean exports and economic revitalization," adding, "Considering the recovery of semiconductor demand and the fierce global competition in advanced industry investments, we are relieved by the ruling."

Executive Director Kim also said, "We hope that Samsung will gain greater trust from the public as a global leading company pioneering advanced technologies such as artificial intelligence (AI) through more progressive strategies in the future."

On the same day, Chairman Lee was acquitted in the first trial of charges related to the illegal succession of Samsung's management rights. This came about three years and five months after the indictment.

This content was produced with the assistance of AI translation services.