South Korea's top court clears Samsung Chairman Lee in 2015 merger fraud case



The Supreme Court’s verdict permanently removes a long-running legal distraction for Mr Lee as Samsung plays catch-up in a global race to develop cutting-edge AI chips.

SEOUL - South Korea’s top court upheld on July 17 a not-guilty verdict for Samsung Electronics chairman Lee Jae-yong, backing two lower court rulings clearing him of accounting fraud and stock manipulation related to an US$8 billion (S$10.3 billion) merger in 2015.

The Supreme Court’s verdict permanently removes a long-running legal distraction for Mr Lee as Samsung plays catch-up in a global race to develop cutting-edge AI chips.

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