[Special Stock] 'Lee Jae-yong 2nd Trial Not Guilty' Samsung Electronics Rises Over 4%

Lee Jae-yong, Vice Chairman of Samsung Electronics, who was indicted on charges of 'unfair merger and accounting fraud,' was acquitted in the appellate court (second trial), and the next day, Samsung Electronics' stock price rose.

As of 9:26 a.m. on the 4th, Samsung Electronics was trading at 53,100 won, up 2,100 won (4.12%) from the previous trading day.

The day before, Lee was acquitted of all 19 charges related to unfair merger and accounting fraud in the appellate trial of the unfair merger and accounting fraud case. All 13 others indicted together, including Choi Ji-sung, former head of Samsung Group's Future Strategy Office, and Kim Jong-jung, former head of the Future Strategy Office's Strategy Team, were also acquitted.

Following the first trial, the appellate court also did not recognize the evidentiary value of the key evidence submitted by the prosecution. The court rejected the prosecution's claims regarding fraudulent trading activities and ruled that the accounting fraud did not exceed the discretion in financial statement processing. It has been eight years since the first trial on March 9, 2017, regarding the 'Cheongwadae Samsung C&T merger intervention suspicion.'

Accordingly, Samsung Electronics is likely to accelerate large-scale investment and merger and acquisition (M&A) activities in the future. Although there remains a possibility of a Supreme Court appeal, much of the legal uncertainty surrounding Lee has been resolved.

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