Slashdot Mirror
Samsung Billionaire Gets Off Easy (gizmodo.com)
Lee Jae-yong, the Samsung chief found guilty of bribery and embezzlement, was freed from prison after an appeals court reduced and suspended his five-year prison sentence. Gizmodo reports: Lee had pleaded not guilty to all charges and spent nearly a year in jail, CNN reported, before the appeals court reduced his sentence to two and a half years and suspended it for four. The court reportedly found him guilty of one bribery charge, but not of hiding money offshore. It also overturned another bribery charge. It's important to understand that Samsung has a tight grip on the country's economy. Known as a "chaebol," or a (usually family-owned) business conglomerate, Samsung contributes to a little over one-fifth of the country's exports. Its businesses make up about 15 percent of the country's total economy. It is extremely rare for leaders of the country's chaebols to be justly punished for their crimes --
most convicted are ultimately pardoned or granted a commutation. Lee's father, Lee Kun-hee, has been pardoned twice for similar charges.
to be above the law. It's good to be the king.
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
Lee's father, Lee Kun-hee, has been pardoned twice for similar charges.
ha ha stop strif
Being an American, I just shrug. We have the same "justice system" here. Poor people go to jail. Rich people don't. It's not right, but it's not news, either.
I don't respond to AC's.
I thought the US had the best Justice System money can buy! Come on, guys!
Rip everyone off.
My ism, it's full of beliefs.
...about as well as it works in the USA.
Gets off easy? Vapid millenials!
Go suck a fat one, BeauHD.
This guy has nothing on the Clintons' ability to get out of jail free.
It is extremely rare for leaders of the country's chaebols to be justly punished for their crimes -- most convicted are ultimately pardoned or granted a commutation
At least they go to prison in South Korea, if only briefly. Meanwhile, here in the U.S., Republicans ensure that corporate wrongdoers are protected. Wells Fargo? Nah. And just today, it's been reported that the CFPB has killed the Equifax probe.
But keep voting Republican...
I don't get why you leftist and Black Lives Matter types make obviously wrong statements like "rich people don't go to jail", when there are numerous instances of wealthy people being incarcerated in American jails during the recent past.
Bernie Madoff is one example. Martha Stewart is another. Conrad Black is yet another. Jeff Skilling is one more.
Once it becomes clear that you're spewing nonsense, and that the wealthy do end up in American jails, your type usually then moves on to babbling about "prison resorts". Since we know your game, don't even bother trying it this time. Thanks.
Known as a "chaebol," or a (usually family-owned) business conglomerate
Sounds like the Japanese zaibatsu. The 'solution' was to replace them with keiretsu, which are essentially the same but with shareholders and a board of directors at top rather than dynastic ownership. The zaibatsu system was very popular back in the day, apparently.
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
What kind of country has a man that poses no danger to security in prison before res judicata?
Oh right, this kind of thing is the norm in the US.
He who has the gold makes the rules. You can't get the rules enforced against him, either. Sad little humans.
It's also why Jesus said "it is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of Heaven." He bought his way out of the temporal punishment, but the joke's on him. God cannot be bribed.
When you view the world that way, you have to have some pity on these people. They're not flying high. They're the spiritual equivalent of a coked out jack russell happily running head first into a brick wall.
Somehow SK is viewed in the west as being less corrupt and full of bribes than China, but it's not true. I've lived here for nearly a decade, corruption is the name of the game in SK. This is no surprise, there was never going to be real penalties.
Yup, see the Equifax story half a page down on the front page. Proves your point.
If you don't like the fact that this guy was given clemency, then punish the corp. with your purchases. Buy someone else's stuff in stead. Stop relying upon some other government to punish corporate wrongdoing. If their profits drop, they will find out why, and then change their ways, or go under. "But that's not going to work, because people don't care enough about the lawfulness of corporations to actually change their buying decisions!" you say? Well, then it must not matter. So let it go. People are either smart enough to vote for the leaders who have their finger on the nuclear button, or they are not. They are either smart enough to vote with their dollars, or they are not. Make up your mind.
movies to get a good grasp of their present highly-charged capitalist culture:
Veteran
Protect The Boss
Prosecutor Princess
Super Rookie
The Unjust
Good morning, Boris! How's the weather in Kiev today?
Just another example of white privilege at play. Oh, wait....
Not only in North Korea, in South Korea too, the word 'Justice' has become a very very sick joke
Money talks
No matter who is in charge
No matter who lives inside the Blue House (South Korea's Presidential Palace)
Money talks
The true rulers of South Korea are not the politicians
The true rulers of South Korea are the chaebols
Samsung Group, Hyundai Group, Lotte Group, LG Group, SK Group, and so on ... see the list @ https://en.wikipedia.org/wiki/List_of_companies_of_South_Korea ...
No one dare to oppose the chaebols
See for example, this incident --- https://en.wikipedia.org/wiki/Nut_rage_incident
The end result of the above case?
"On May 22, 2015, in Seoul High Court, the daughter of the boss of the Korean Air was found not guilty of changing airline course"
Sounds familiar?
> Samsung contributes to a little over one-fifth of the country's exports.
Should I be impressed? The United States has a much larger economy than Korea, and I, personally, contribute to more than HALF of the U.S.'s exports!
Of course, my contribution is a very, very small one. But, still, I do contribute.
Or wait -- did the author mean to say that Samsung contributes over one fifth of the country's exports? That would be a lot, if that's true.
Language! It's so tricky, with things meaning things and whatnot!
If you're going to go down for bribery make sure you remember to bribe the judges on the appeals court so that you can get your sentence reduced in a timely fashion.
it has the trappings of a "modern democracy", but it's basically an feudal society with the "rulers" of the largest Chaebols being the King/Emperor. Read about what happened to the last government official who actually took action against Samsung.
peasants are bought and payed for. just because a ceo ordered an illegal act doesn't mean it should be executed. it's the arms and legs of the body doing harm, not the ceo that only schedules an action.
just like this article and the moderation system: designed to be biased against fair discussion of an unpopular rich privileged demographic.
Last year was a bad year for CNN. The fact that some blogs still use them as news source is just weird.
This guy has nothing on the Clintons' ability to get out of jail free.
The truth down voted again by the Soros shills.
Think about that the next time you guy a Samsung.
Iâ(TM)m going go with a Pixel next time. Assuming itâ(TM)s still gonna be made by HTC and not some corrupt Korean family conglomerate.
And there there is nothing common folks can do.
Vote in another party? Sorry the chaebol bought them all.
Letâ(TM)s just assume the Koreans voted in a righteous government.... so what? The courts and judges are all bought as well so like in this case where the government have to jail them.... the courts simply let them go and the government say they have to respect rule of law.
It is fucked up. The Koreans live in a lie that their society is democratic or meritocratic.
With their systematic family based nepotism. This is your futute Amerikuks.. the rich dont even go to jail for massive crimes anymore! lol!