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Search resuls for: "Seoul Central District Court"


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Seoul, South Korea CNN —A South Korean pastor once hailed as a hero for helping North Korean defectors escape to safety has been jailed for sexually abusing minors. Refugees fleeing North Korea often make the perilous journey across the border into China, before attempting to reach South Korea. China, a close ally of Pyongyang, doesn’t consider North Korean defectors refugees, instead seeing them as illegal economic migrants. Under a border agreement with North Korea, it forcibly deports them. Once returned to North Korea, defectors face possible torture, sexual violence, hard labor, imprisonment in political or re-education camps, or even execution by the state, according to activists.
Persons: Chun Ki, Chun, , , Durihana Organizations: South Korea CNN, North, Seoul Central, Court, ” CNN, Children, doesn’t, Underground Railroad, Korea Future Initiative, CNN Locations: Seoul, South Korea, Korean, North Korea, China, Pyongyang, China’s, London, Durihana
Samsung chief Lee cleared of charges in 2015 merger case
  + stars: | 2024-02-05 | by ( ) www.cnbc.com   time to read: +1 min
Samsung Electronics Co. Executive Chairman Lee Jae-yong leaves after attending a final decision at the Seoul Central District Court on Feb. 05, 2024 in Seoul, South Korea. Seoul Central District Court acquits Samsung Electronics Co. Executive Chairman Lee Jae-yong in controversial 2015 merger case. Samsung Electronics Chairman Jay Y. Lee was found not guilty by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group. Lee denied wrongdoing, arguing that he and other executives acted on the belief the merger would benefit shareholders. The sentence prevents a return to jail for Lee who was convicted in 2017 of bribing a friend of former President Park Geun-hye.
Persons: Lee Jae, Jay Y, Lee, Prosecutors, Park, Yoon Suk Organizations: Samsung Electronics Co, Seoul Central, Court, Samsung Electronics, Samsung Locations: Seoul, South Korea
Seoul CNN —Samsung chief Lee Jae-yong was found not guilty by a Seoul court on Monday on charges of stock manipulation and accounting fraud connected to a controversial merger in 2015 of two Samsung affiliates. The acquittal comes as a major relief to the chairman of Samsung Electronics, who has been embroiled in legal problems for years. They alleged that the merger of the two firms allowed Lee to gain a tighter grip on Samsung Electronics, the group’s flagship company. “Even if Lee’s control has been strengthened, the merger in this case cannot be considered unfair, as long as there is a reasonable purpose for the merger,” Park said. He added the decision will “lead to lowering the confidence of foreign investors in the Korean legal system and the soundness of the Korean capital market.”
Persons: Lee Jae, Lee, Park Jeong, Organizations: Seoul CNN — Samsung, Samsung, Samsung Electronics, Cheil Industries, Seoul, District Court, Seoul National University, CNN Locations: Seoul
SEOUL, South Korea (AP) — A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s biggest company. The court said the prosecution failed to sufficiently prove the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim to strengthen Lee’s control over Samsung Electronics. Lee had denied wrongdoing in the current case, describing the 2015 merger as “normal business activity.”Lee, 56, did not answer questions from reporters as left the court. Lee Jae-yong served 18 months in prison after being convicted in 2017 over separate bribery charges related to the 2015 deal. Some shareholders had opposed the 2015 merger, saying that it unfairly benefited the Lee family while hurting minority shareholders.
Persons: Lee Jae, Lee, ” Lee, Jin Kim, Lee Kun, Park, Yoon Suk, tycoons, Kim Tong, hyung Organizations: Samsung, Korea’s, Seoul Central, Cheil Industries, Samsung Electronics, Prosecutors, South, National Pension Service Locations: SEOUL, South Korea, Seoul, Ukraine
REUTERS/Jason Reed/File Photo Acquire Licensing RightsSEOUL, Nov 23 (Reuters) - A South Korean appellate court on Thursday ordered Japan to compensate a group of 16 women who were forced to work in Japanese wartime brothels, overturning a lower court ruling that dismissed the case and prompting a stern protest from Tokyo. In response to the court's decision, Japanese vice minister for foreign affairs Masataka Okano summoned South Korean ambassador Yun Dukmin to lodge a "strong protest". The Seoul High Court, however, reversed the lower court's decision, recognising the jurisdiction of South Korean courts over the Japanese government as a defendant. In a statement, Japanese Foreign Minister Yoko Kamikawa said the judgment went against international law and agreements between the two countries, calling it "extremely regrettable and absolutely unacceptable." South Korea's foreign ministry said it was looking into details of the latest ruling, without elaborating.
Persons: Jason Reed, Yoon Suk Yeol, Fumio Kishida, Masataka Okano, Yun Dukmin, Yoko Kamikawa, Lee Yong, I'm, 1,294.3500, Hyonhee Shin, Chang, Ran Kim, Makiko Yamazaki, Ed Davies, Simon Cameron, Moore, Sharon Singleton Organizations: REUTERS, Rights, South, Seoul Central, Court, Seoul High Court, Thomson Locations: Sydney, Australia, Korea, Rights SEOUL, Japan, Tokyo, South Korean, Seoul, South, Republic of Korea
SEOUL, Nov 17 (Reuters) - Samsung Electronics (005930.KS) chairman Jay Y. Lee denied wrongdoing on Friday after South Korean prosecutors called for him to be jailed for five years on charges of accounting fraud and stock price manipulation involving an $8 billion merger of Samsung affiliates in 2015. The hearing is the final lower court session before a ruling, scheduled for January 26, ending a trial that has lasted three years. Samsung Electronics Vice Chairman Jay Y. Lee arrives at a court in Seoul, South Korea, October 26, 2021. "I have never had my personal interests in mind in the course of the merger," Lee told the court. Lee was previously convicted of bribing former South Korean President Park Geun-hye and went to jail for a total of 18 months from 2017 to 2021.
Persons: Jay Y, Lee, Kim Hong, Park, hye, Joyce Lee, Miral Fahmy, Mark Potter Organizations: Samsung Electronics, South, Samsung, Seoul Central District Court, Prosecutors, Cheil Industries, REUTERS, Korean, Analysts, South Korean, Thomson Locations: SEOUL, KS, Seoul, South Korea
SEOUL, Nov 17 (Reuters) - South Korean prosecutors sought on Friday a five-year jail term for the boss of Samsung Electronics (005930.KS) Jay Y. Lee over charges of accounting fraud and stock price manipulation involving an $8 billion merger of Samsung affiliates in 2015. Prosecutors allege the executives' involvement in the merger of group affiliates Samsung C&T (028260.KS) and Cheil Industries included stock price manipulation and other wrongdoings that helped them gain at the expense of minority investors. Lee and the executives have denied wrongdoing, saying the merger and accounting processes that prosecutors have taken issue with were part of normal management activities. A small group of supporters chanted his name outside the court during a recess, while detractors yelled angrily at him. Reporting by Joyce Lee; Editing by Tom Hogue, Ed Davies and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Jay Y, Lee, Park, hye, Joyce Lee, Tom Hogue, Ed Davies, Miral Organizations: Samsung Electronics, Samsung, Seoul Central District Court, Prosecutors, Cheil Industries, South Korean, Thomson Locations: SEOUL, KS, Seoul
Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally PHOTO:while campaigning for the presidential election in Seoul, South Korea March 8, 2022. The Seoul Central District Court ruled against prosecutors who sought Democratic Party leader Lee Jae-myung's arrest, saying there were insufficient grounds to support their argument that he may try to destroy evidence. Lee welcomed the decision and thanked the court as he walked out of a holding centre soon after the ruling, which came well after midnight. Lee had narrowly lost to conservative Yoon, a career prosecutor, in the presidential election last year. Some members of Lee's party joined the conservative ruling party in voting last week to lift Lee's immunity from arrest as a member of parliament, drawing criticism within the party.
Persons: Lee Jae, myung, Kim Hong, Lee, Han Dong, hoon, Yoon Suk, Yoon, Hyunsu Yim, hyang Choi, Jack Kim, Gerry Doyle Organizations: South Korea's Democratic Party, REUTERS, Rights, Seoul Central, Court, Democratic Party, Thomson Locations: Seoul, South Korea, Rights SEOUL, Japan, North Korea, Gyeonggi Province, Seongnam
Last year the former leader of Yoon’s party hit out at what he said was the “evil influence” YouTube channels. “After President Yoon Suk Yeol came to power, there have been many cases where the presidential office filed complaints to the media,” Jung said. It has since consistently ranked top in terms of real-time daily viewership on YouTube in South Korea. To Professor Jung, it’s a success that demonstrates “voices cannot be silenced.”Kim, meanwhile, hopes to build a show with as much recognition as any on traditional media. “I will create a type of press that has not yet existed on YouTube,” Kim said.
SEOUL, Feb 7 (Reuters) - A South Korean court ordered the government on Tuesday to compensate a Vietnamese victim of atrocities during the Vietnam War in the 1970s, when about 300,000 South Korean troops fought alongside U.S. forces. The ruling marked the first legal acknowledgement of South Korea's liability for atrocities during the war and could potentially pave the way for other victims to seek compensation. The Seoul Central District Court ordered the government to provide around 30 million won ($23,800) in compensation and additional funds for delay to Nguyen Thi Thanh, a survivor of killings of civilians by South Korean troops. A court official confirmed the decision but said the full verdict was not immediately available for release. Hanoi's foreign ministry did not immediately respond to a request for comment.
A star law professor, Cho was a key aide to former President Moon Jae-in and briefly served as a justice minister before resigning and being indicted on a dozen charges, including bribery and document fraud in late 2019. It eventually gave rise to incumbent President Yoon Suk-yeol, who then as prosecutor-general investigated Cho and other graft scandals. Chung has already received a four-year sentence for the charges and irregularities over family investment, while her daughter's medical school and university cancelled her admission. The court also imposed fines of 6 million won ($4,900), which it said Cho had taken from his daughter's medical school as bribes in the form of a scholarship. ($1 = 1,228.7300 won)Reporting by Hyonhee Shin; Editing by Gerry Doyle and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
SEOUL, Dec 3 (Reuters) - A former South Korean national security advisor was arrested on Saturday over his suspected manipulation of a 2020 case where a fisheries official was killed at sea by North Korean troops. The incumbent President Yoon Suk-yeol's government has reversed that interpretation, saying there was no evidence of a defection attempt. Prosecutors also launched an investigation into Lee's death and a 2019 case in which two North Korean fishermen were deported to the isolated country against their will. Yoon's ruling People Power party said Moon and his aides "not only let Lee die but killed his honour by claiming his defection while treading on eggshells around (North Korean leader) Kim Jong Un's regime." He criticised Moon for demanding evidence to show why his brother did not defect, without presenting any proof to back his own claim.
SEOUL, Oct 22 (Reuters) - A South Korean court on Saturday issued arrest warrants for a former defence minister and a former coast guard chief over their alleged mishandling of the death of a state fishery ministry employee at the hands of North Korean troops two years ago. Register now for FREE unlimited access to Reuters.com RegisterThe two face charges that include dereliction of duty, abuse of power, forging official documents, and covering up and distorting facts in the case. Lee's death has become a sensitive issue in South Korea, in part because of the fight by his brother to clear his name. The previous administration of President Moon Jae-in had portrayed his death as a failed defection attempt due to his gambling debts, mental health issues and an unhappy life. Register now for FREE unlimited access to Reuters.com RegisterReporting by Joori Roh; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
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