KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Topics Samsung

Court to Monitor Samsung Compliance Committee Before Lee’s Sentence

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: January 17, 2020 UPDATED: January 18, 2020
in Samsung, Samsung Biologics, Seoul High Court, South Korea
0
Samsung-logo
The Seoul High Court to take into account the efficacy of Samsung's compliance committee for its ruling on Lee Jae-yong’s jail term.

The Seoul High Court to take into account the efficacy of Samsung's compliance committee for its ruling on Lee Jae-yong’s jail term.

The Seoul High Court on Friday said that it would take into account the efficacy of Samsung Electronics’ new internal compliance committee for its ruling on the tech giant’s heir Lee Jae-yong’s jail term.

Lee Jae-yong attended his fourth hearing on Friday.

Lee and his lawyers sought to minimize Samsung’s de facto leader in the Friday hearing, instead of focusing on proving Lee’s innocence. They conveyed Samsung’s resolution to comply with the court’s recommendation last year.

The high court declared it would designate third-party experts to scrutinize the implementation of the compliance committee rules and regulations at Samsung and its affiliates. The court will only consider successful results in deciding the length of jail time for Lee over the bribery case linked to former President Park Geun-hye.

The Seoul High Court will designate three experts to monitor the compliance unit’s operations created by Samsung strictly. Each of the three experts will come from the recommendation of the court, Samsung, and prosecutors.

The court also stated that it would recommend Kang Il-won, the lead justice in the impeachment case of former President Park, as a possible member of the panel. Kang is a judge of the Constitutional Court of Korea.

The court expects Lee and his lawyers to provide further details of the progress on the company’s reinforcement of its internal compliance system.

Initially, prosecutors tried to substantiate a suspected connection between the bribery charges and the conglomerate’s suspicious activities during the merger of Samsung C&T and Cheil Industries.

According to the prosecutors, they suspect that the merger benefited Lee, who holds the largest stake in Samsung C&T. They also suspect Lee received a merger ratio favorable to him through window-dressing of the bio unit Samsung Biologics.

Meanwhile, the Seoul High Court ruled out several of the evidence presented by the prosecutors, including the window-dressing of the bio unit in 2015.

Retrial judge Jeong Joon-young clarified that the court could refer to evidence related to the window-dressing case of Samsung Biologics. However, it does not have to examine such evidence in the current hearing., as the Supreme court did not include the succession issue to the retrial.

However, prosecutors requested the court to reconsider its decision, stating they cannot accept the court will take into account the compliance in the sentencing of the bribery case.

Additionally, prosecutors said that they would not cooperate with the designation of the three experts.

Lee Jae-yong’s retrial’s next hearing is scheduled on February 14.

Tags: compliance committeehearingLee Jae-yongSamsungSeoul High Court

Related Posts

Samsung and OpenAI Forge Strategic Partnership to Power Global AI Infrastructure
The Seoul High Court to take into account the efficacy of Samsung's compliance committee for its ruling on Lee Jae-yong’s jail term.
AI

Samsung and OpenAI Forge Strategic Partnership to Power Global AI Infrastructure

October 30, 2025
Supply Chain 2.0: How U.S.–Korea Trade Shifts Are Building a Resilient Tech Ecosystem
The Seoul High Court to take into account the efficacy of Samsung's compliance committee for its ruling on Lee Jae-yong’s jail term.
AI

Supply Chain 2.0: How U.S.–Korea Trade Shifts Are Building a Resilient Tech Ecosystem

October 31, 2025
Samsung and SoftBank Join Forces to Advance AI-RAN and 6G Research
The Seoul High Court to take into account the efficacy of Samsung's compliance committee for its ruling on Lee Jae-yong’s jail term.
AI

Samsung and SoftBank Join Forces to Advance AI-RAN and 6G Research

October 28, 2025
Korea’s APEC Digital & AI Forum Highlights Asia’s Push for Responsible Tech Leadership
The Seoul High Court to take into account the efficacy of Samsung's compliance committee for its ruling on Lee Jae-yong’s jail term.
South Korea

Korea’s APEC Digital & AI Forum Highlights Asia’s Push for Responsible Tech Leadership

October 24, 2025
LG Uplus Bows to Pressure, Will Report Hacking Signs to Cybersecurity Watchdog
The Seoul High Court to take into account the efficacy of Samsung's compliance committee for its ruling on Lee Jae-yong’s jail term.
LG

LG Uplus Bows to Pressure, Will Report Hacking Signs to Cybersecurity Watchdog

October 22, 2025
South Korea Tightens Cyber Defenses After Detecting Government Hacking Attempt
The Seoul High Court to take into account the efficacy of Samsung's compliance committee for its ruling on Lee Jae-yong’s jail term.
Government

South Korea Tightens Cyber Defenses After Detecting Government Hacking Attempt

October 21, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • Naver Video Streaming Service V Live to Go Global

    0 shares
    Share 0 Tweet 0
  • What SK Group’s ‘AI Now & Next’ Summit Reveals About the Future of Intelligent Korea

    0 shares
    Share 0 Tweet 0
  • South Korea’s $2.26 Billion Vision: A Robotic Revolution by 2030

    0 shares
    Share 0 Tweet 0
  • Hanwha Aerospace to Develop Indigenous Turboprop Engine for South Korea’s Next-Gen UAVs

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |