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Top court upholds 2 1/2-yr prison term for ex-minister for pressuring NPS' approval of Samsung merger

All News 14:37 April 14, 2022

SEOUL, April 14 (Yonhap) -- The Supreme Court on Thursday upheld a 2 1/2-yr prison term for a former health minister for pressuring the National Pension Service (NPS) to approve a controversial merger of two Samsung Group units during the previous administration.

Moon Hyung-pyo, who served as health minister from 2013 to 2015 during the Park Geun-hye administration, was indicted on charges of forcing the NPS to endorse the 2015 merger deal between Samsung C&T Corp. and Cheil Industries Inc. without proper due diligence and inflicting losses for the pension. The NPS then controlled about 11 percent of Samsung C&T's shares.

He was previously convicted and sentenced to 2 1/2 years by two lower courts.

The deal was widely seen as a step to enhance Samsung Electronics Vice Chairman Lee Jae-yong's control of the family-controlled Samsung Group, as his father Lee Kun-hee suffered a heart attack in 2014.

Moon was among dozens of former officials indicted by a special counsel who looked into the influence-peddling scandal that led to the removal former President Park Geun-hye from office.

Former Health Minister Moon Hyung-pyo (C) is surrounded by reporters as he appears at the Seoul Central District Prosecutors Office in Seoul on Nov. 24, 2016. (Yonhap)

Former Health Minister Moon Hyung-pyo (C) is surrounded by reporters as he appears at the Seoul Central District Prosecutors Office in Seoul on Nov. 24, 2016. (Yonhap)

odissy@yna.co.kr
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