Samsung boss Jay Y. Lee acquitted in fraud trial.
Prosecutors demanded five years in prison for Lee. He ignored shareholder rights during a merger, a court has now exonerated the manager. A few years ago, Samsung boss Lee spent a total of 18 months in. prison for bribing former South Korean President Park Geun-hye. Public opinion has long wavered between recognition of their. role in the country's economic success and anger over various scandals. South Korea's largest corporate. conglomerates are still owned and controlled by their founding families.