Vice chief's conviction won't affect Samsung ratings

Published: 25/08/2017
Vice chief's conviction won't affect Samsung ratings
Source: KOREATIMES.CO.KR

The conviction of Samsung Electronics Vice Chairman Lee Jae-yong will have no major impact on credit ratings of the company and other group affiliates, according to rating agencies Friday. The Seoul Central Court sentenced Lee to a 5-year prison term on multiple bribery charges. He has been held in custody since this February when the prosecution arrested him for allegedly colluding with former Pr

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