Samsung Chairman Lee mourns death of Hyosung honorary chairman
Samsung Electronics Chairman Lee Jae-yong on Saturday expressed condolences following the death of Hyosung Group Chairman Emeritus, Cho Suck-rai.
South Korean prosecutors on Monday sought 12 years in prison for Samsung Electronics Vice Chairman Lee Jae-yong, an heir apparent of Samsung Group, on bribery charges.
Special prosecutors said in the final court hearing that the case was a typical corruption offense based on cozy ties between politicians and businessmen, which severely damages the constitutional value, reports Xinhua news agency.
The prosecutors had been investigating a corruption scandal that led to the impeachment of former President Park Geun-hye.
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The team of Park Young-soo, who was named independent counsel in November last year for the corruption case, demanded 12 years of imprisonment for Vice Chairman Lee, while asking 7 to 10 years in jail for four other former Samsung executives.
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