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Lee Jae-yongConvicted of bribery involving $38 million to secure government favors for Samsung merger

· $38.0M

Lee Jae-yong was convicted of bribing associates of President Park Geun-hye approximately $38 million (43.3 billion won) to secure government support for a 2015 merger that consolidated his control of Samsung. Bribes included funding for equestrian training and horses worth $3.2 million. He served 18 months in prison before being released on parole.

Scoring Impact

TopicDirectionRelevanceContribution
Corporate Governance-againstprimary-1.00
Overall incident score =-0.295

Score = avg(topic contributions) × significance (critical ×2) × confidence (0.59)× agency (compelled ×0.25)

Evidence (1 signal)

Confirms Legal Action Aug 25, 2017 verified

Convicted of bribery involving $38 million to secure government favors for Samsung merger

Lee Jae-yong was convicted of bribing associates of President Park Geun-hye approximately $38 million (43.3 billion won) to secure government support for a 2015 merger that consolidated his control of Samsung. Bribes included funding for equestrian training and horses worth $3.2 million. He served 18 months in prison before being released on parole.

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