South Korea’s Supreme Court has cleared Samsung chairman Lee Jae-yong of fraud charges linked to a 2015 merger, ending a lengthy legal battle.
Lee was accused of inflating the value of Samsung Biologics to tighten control of the company. Lower courts had already acquitted him, and the top court upheld those rulings, declaring the merger lawful, according to BBC.
The verdict was welcomed by South Korea’s business community, which hopes the decision will help Samsung navigate ongoing economic and trade challenges.
