SEOUL -- A Seoul court set free Samsung Group leader Lee Jae-yong on Monday, cutting by half and suspending the five-year jail term he was dealt on conviction of bribery and embezzlement, but analysts say the move will not derail South Korea's plans to reform chaebol.
Lee was convicted August last year by a Seoul district court for offering favors to former President Park Geun-hye and her close confidant, Choi Soon-sil, in return for paving the way for his ascension to leadership of South Korea's biggest conglomerate through the merger of Samsung C&T and Cheil Industries.
