In Lee Je Jon, all charges of fraud and manipulation of the shares have been removed.
Seoul’s high court confirmed the decision to withdraw all charges of fraud and manipulation of shares with the Samsung Electronics board chairman Li John. Bloomberg reported this on Monday, February 3.
The prosecutor’s office appealed to this decision in November 2024, but judges decided that the investigation did not provide enough evidence that Samsung or its leader was misleading.
A five -conclusion and a fine of 500 million won (341 thousand dollars) threatened to justify the sentence.
The court’s decision was a great success for Samsung and its leader, as it was eliminated by significant uncertainty, which influenced the company and its corporate management.
Today the most influential Korean company has faced improved competition, as its main rival SK Hynix preceded Samsung in making chips for artificial intelligence.
This negatively affects Samsung Semiconductor’s business profitability and is concerned about the prospects of future company growth.
Keep in mind that in October last year, Samsung began to produce memory for computers with AI.
Source: korrespondent
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