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Businesses Welcome Suspension of Samsung Arrest Warrant

14:01 January 19, 2017 replay time01:56

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The court has rejected an arrest warrant for Vice CEO Lee Jae-yong of Samsung. The Samsung Group breathed a sigh of relief.

Businesses welcomed the court’s decision.

Kim Jong-sung has more.


Employees of Future Strategy Office, the control tower of Samsung Group, waited nervously overnight for the result of the review on the arrest warrant sought for Lee.

Samsung was worried that their head would be arrested for the first time in history, but the court sided with Lee’s arguments.

At the news of the rejection, Samsung said, “It is fortunate that the truth can be addressed without him being under arrest.”

They added, “We will try to clearly prove the fact that there were no favors with regards to the merger, and no support was provided in anticipation of a favor,” and that “We regret and apologize that we have been subject to such suspicions.”

This is interpreted as a remark taking into consideration future investigations and trials, as the blame for various suspicions cannot be clearly determined as of now.

Though Lee escaped the worst-case scenario of being behind bars, it must be noted that Samsung already has much to lose.

The mere suspicions of involvement in the Choi Soon-sil gate have already caused severe and unquantifiable damages to their morality and brand value.

Meanwhile, businesses that have been notified of the rejection also welcomed the court’s decision.

<Businessman> “Given that businesses must try to create jobs and revitalize investment for the national economy, the rejection of Lee’s arrest warrant will boost businessmen’s morale…”

As the head of Samsung, the conglomerate with the largest donations to Mir and K Sports Foundations, SK, Lotte and other conglomerates can now anticipate that they will no longer face investigations in the worst-case scenario.

Kim Jong-sung reporting for Yonhap News TV.

Yonhap News TV: 02-398-4441 (Inquiry on article) 4409 (Report), KakaoTalk/LINE jebo23

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