Supreme Court confirms 'not guilty' verdict for former Samsung chairman

SEOUL, May 29 (Yonhap) -- The Supreme Court on Friday upheld lower courts' not
guilty verdict for former Samsung Group Chairman Lee Kun-hee, who was indicted on
charges of illegally transferring wealth and managerial control of the
conglomerate to his only son, Jae-yong, court officials said.

The ruling in favor of South Korea's most influential tycoon came after the top
court overruled a high court's guilty verdict for two former Samsung executives
charged with helping Jae-yong buy convertible bonds issued by the amusement park
operator Everland, Samsung Group's de facto holding company, at a below-market
price in 1996.
ycm@yna.co.kr
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