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South Korea’s top court upheld on Thursday a not-guilty verdict for the chairman of Samsung Electronics Jay Y. Lee, backing two lower court rulings clearing him of accounting fraud and stock manipulation related to an $8 billion merger in 2015.
The Supreme Court’s verdict permanently removes a long-running legal distraction for Lee as Samsung plays catch-up in a global race to develop cutting-edge AI chips.
The verdict upheld an appeals court’s ruling dismissing all the charges in the case involving the merger a decade ago between two Samsung…
