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South Korea's business and political communities were divided over a local court's ruling to put Jay Y. Lee, the heir-apparent of Samsung Group, behind bars. If Lee Kun-hee dies, it could trigger the type of infighting seen in other chaebol families in recent years, said Park Sang-in, a professor of public administration at Seoul National University and a chaebol critic.
Lee was also found guilty of hiding assets overseas and of perjury for falsely testifying at a parliamentary hearing on the scandal. Lee has been accused of offering bribes of 38 million United States dollars for various departments after the death of his father.
Lee's legal representatives said they will immediately appeal the case.
In 2015, USA hedge fund Elliot Management filed for an injunction against the merger of two Samsung units created to cement a power transfer to the heir apparent of Samsung Group from his ailing father Lee Kun-hee, who has been bedridden since May 2014 due to a heart attack.
Shares of Samsung Electronics closed down 2 percent, compared with a 0.35 percent drop for the benchmark Kospi index.KS11, while shares in the conglomerate's de facto holding company Samsung C&T 028260.KS dropped 3.4 percent and Samsung Life Insurance 032830.KS fell 2.9 percent due to foreign selling after Friday's sentencing, analysts said.
"We hope this will be the first step in cutting the stubborn ties of corruption between politics and business, which has been a roadblock to progress in our society", said Yoon Young-chan, senior secretary at the Blue House, the South Korean president's executive office and residence.
Polls: Voters in 3 Key US States 'Embarrassed' by Trump
MI voters by a 42-to-39 percent margin said the United States economy has strengthened thanks to Trump's decisions. Around 800 registered voters were polled with a margin of error of plus or minus 3.5 percentage points.
Numbers drawn for the $535 million Powerball jackpot
The 3X Multiplier appeared in Wednesday's Powerball drawing, which increased 15 $50,000 prizes to $150,000 each with Power Play®. Tickets are still on sale at participating retailers, including most local gas stations, rest stoops, grocery stores and online.
The sentencing is the latest episode in a scandal that saw millions of South Koreans protest last autumn, leading Park to be ousted.
After the sentencing, Lee's attorneys said they can not accept the verdict, saying they were confident that the heir would be cleared of all charges at an appeals court. The company has successfully weathered past crises that include two recalls of Galaxy Note 7 smartphones prone to catch fire and Lee's arrest. Twice convicted of tax evasion and bribery, the elder Lee never spent any time in prison.
Samsung is by far the biggest of the chaebols, as the family-controlled conglomerates that dominate Asia's fourth-largest economy are known, with its revenues equivalent to around a fifth of the country's GDP.
Some reports state some of Samsung's major investment projects may be suspended under the leader's imprisonment. The court ruled that tapping into the publicly traded company's funds to raise the W8 billion constituted embezzlement, and W3.7 billion of that money was illegally transferred to Germany, where Chung was living. Some were pardoned and others got sentences reduced on appeal.
Samsung Group headquarters in southern Seoul. "The leadership vacuum may not have short-term effect, but in the long-term, it is a serious problem".
The Xbox One X is offered as a special edition for the first buyers. (It debuts initially on Xbox One on August 29). This continues Paradox' console push after the release of Cities Skylines for Xbox One and PlayStation 4 .
Tens of thousands of Singh's supporters have gathered outside the courthouse in the town of Panchkula, Haryana , since Thursday. A journalist Ram Chander Chhatrapati had exposed the rapes of two women at Dera headquarters in Sirsa 15 years ago.
Many think they are capable of contending with Oklahoma and Oklahoma State for a Big 12 championship. Rounding out the top 10 were Clemson, Penn State, Oklahoma, Washington, Wisconsin and Oklahoma State.
The eight tries to four thrashing came after the Wallabies , for the second year straight, had a month to prepare for the match. It is highly unlikely the Wallabies will challenge the All Blacks in Dunedin on Saturday night.
Well, actually I have something to say: That I am disappointed with them. " Barcelona deserves more and everyone knows it". Neymar had originally signed a contract extension this summer through 2021. "I'm very sad with them", Neymar said .
Created by Saudi Arabian developer Zain al-Abidin Tawfiq, the app is aimed to help people identify their strengths and weaknesses. He now claims that the functionality has removed from the server and the data request will be removed in a future release.
Reid said that third-round pick Kareem Hunt will start the season opener against the New England Patriots on September 7. Ware injured his knee in the Chiefs' 26-13 preseason loss to the Seattle Seahawks on Friday night.
North Korean leader Kim Jong Un with scientists and technicians following launch of intercontinental ballistic missile. Trump said the US military was "locked and loaded" and ready to respond to any attack on its territories.
Qatar Restores Iran Ties
Al-Sulaiti returned to the Iranian capital on Friday after a 20-month hiatus that started in January 2016. Qatar will reinstate its diplomatic relationship with Iran, its foreign ministry announced Thursday.
Will President Trump pardon racist Joe Arpaio?
The rally marks Trump's first public political event since the violence in Charlottesville, Virginia more than a week ago. Trump will meet with border control agents before the rally as he seeks to recover from plummeting opinion poll figures.
Android Oreo - Leaked Images suggest at Oreo
It will feature peer-to-peer payments, upgrades to Siri, new Live Photo effects and a way to block notifications while driving. The CEO of Google , Sundar Pichai also announced that -Android now powers 2 billion monthly active device worldwide.
Dhawan, spinners put India 1-0 up
He was ably supported by Jasprit Bumrah, Yuzvendra Chahal and Kedar Jadhav as they all chipped in with two-two wickets each. Kohli also said that now the team is all set for the 2019 World Cup and now one can expect a lot of changes in the team.
Trump set to announce major decision on Afghanistan
"I am very comfortable that the strategic process was sufficiently rigorous and did not go in with a preset position". Before his election, Trump had on several occasions voiced his frustration with the 16-year war.
Flood situation remains grim in Bihar and Assam
Hundreds and thousands of people have been rendered homeless and standing crops of worth millions have been destroyed. The cancelled trains included 12235 Dibrugarh-New Delhi Rajdhani, 12424 New Delhi-Dibrugarh Rajdhani till August 20.
Michael Owen reacts to Chelsea's 2-1 win over Tottenham
Kane's August duck continues - he's never scored in the Premier League in August - but really, it should have ended on Sunday. The greater worry for Spurs is a certain bluntness as their only goal came from a Michy Batshuayi own goal .
Taylor Swift's social media accounts go dark
Others wondered if she had been hacked, while some thought the country-turned-pop star might be planning an image makeover. Another fan wrote: "1) EITHER TAYLOR SWIFT IS FUCKING COMING OR 2) TAYLOR SWIFT IS DELETING ALL OF HER SOCIAL MEDIA".