April 20, 2024

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[THE INVESTOR] Samsung Electronics Vice Chairman Kwon Oh-hyun delivered an official statement to staff on Aug. 28 on the latest verdict on the firm’s heir-apparent Lee Jae-yong, urging workers to continue giving best efforts.

“Although this situation of uncertainties is regrettable, we should all steadily wait until the truth is revealed,” Kwon said in a statement sent to employees. 

On Aug. 25, the Seoul Central District Court found Lee guilty of bribery, embezzlement and other charges in a massive corruption scandal that led to the ouster of former President Park Geun-hye, slapping him with a jail term of five years.

Lee’s legal representatives said they will immediately appeal the case. Prosecutors earlier sought 12 years against the Samsung heir.

“We all need to gather power and wisdom to overcome the unprecedented challenge,” Kwon said. “The business situation at home and abroad are too harsh for us to be mired in shock and confusion.”

By Alex Lee and newswires (alexlee@heraldcorp.com)