Samsung Group’s fate of Li Zaijun will be announced this afternoon, when the South Korean Grand Court (Supreme Court) will decide whether to maintain Li Zaiyu’s bribery charges. The court is also expected to rule the judgment of the Court of Appeal against the former President Park Geun-hye.
Li Zaijun, the vice president of Samsung, was sentenced to five years in prison in 2017 for imposing bribes on former South Korean President Park Geun-hye and his close confidant Cui Shun. The scandal has deepened the dislike of the South Korean people against corporate elites.
Reuters reported that the court’s today’s ruling will affect the 51-year-old Li Zaiyu who can spend much time managing Samsung Group, the flagship subsidiary of the group. The world’s largest chip maker not only lost profits, but also was affected by Japan’s tightening of three key electronic material exports.
Li was arrested and detained for nearly a year. He was sentenced to two and a half years in the High Court and released after four years in probation. However, because Li Zaiyi denied the crime, he and the Korean inspection both appealed again.
The South Korean Grand Court is expected today to also rule on the judgment of the Court of Appeal against the Park Geun-hye case. Park Geun-hye was impeached in the storm of the scandal of the cronies, and she and her close confidant Cui Shunshi were punished for 25 years and 20 years respectively for bribery and other crimes.
The crux of Li’s case lies in three horses. The court should measure whether the three horses donated by the Samsung Group to the daughter of Cui Shunshi equestrian players should be regarded as a bribe to win the good feelings of Park Geun-hye.
According to court documents, Park Geun-hye asked Li Zai-fu to assist Cui Shun-shi’s daughter and was convicted of the horse’s 3.7 billion won ($3.05 million) bribe. However, these horses were not identified as bribes in the Li case, helping Li to be sentenced to a shorter sentence.
The court ruled that it was expected to be released at 2 pm local time (1 pm Taiwan time). People can watch live broadcasts on TV, or Facebook or YouTube. Li Zaiyu does not need to appear in court.