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South Korea prosecutors seek 5-yr jail term for Samsung Electronics chief in appeals case

  • South Korean prosecutors requested a five-year jail term for Samsung Electronics Chairman Jay Y Lee due to his actions during a controversial merger of affiliates.
  • Lee faces questions about his leadership as Samsung struggles with slowing profits and falling stock prices.
  • Prosecutors claimed the merger helped Lee solidify control and damaged the capital market’s foundation for succession, while Lee asserted he followed standard procedures.
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