According to the Yonhap news agency, the South Korean Court of Appeal announced today that a second instance ruling was made against Samsung's "Prince" Lee Jae-rong, who was sentenced to two years and six months in custody at the second instance of Lee Jae-rong, the vice-president of Samsung Electronics and the actual controller of the group, Year, and released in court.
Shares in Samsung Electronics rose 1.3% after the ruling came into force, with shares of Samsung Electronics Corp. (SAMSUNG C & T), a core player in the early days of the Samsung Group, soaring to more than 3%.
Why Lee was released in court will make Samsung's share price soared, and we understand that Li Zaixin in Samsung's internal position you will understand.
Mr. Lee, 49, is the only son of Samsung Group Chairman Lee Kun-hee who studied at Seoul National University in Korea and Harvard Business School in the United States. Insiders at Samsung Electronics have commented that Li Zhaorong has an international business concept and an extensive network of contacts. Lead Samsung in the fierce international competition excellent deal with the opponents and partners.
In a word, this is Li Zha Rong's personal ability to well lead the battle between Samsung and Apple and other competitors, so investors are optimistic about the future prospects of Samsung under the leadership of Li Zhaoyong Samsung shares soared, Samsung Estimated momentarily weeping, Pu run hi.