Emerging from a Seoul detention center where he had briefly returned for his belongings after the ruling, Lee stood in the frigid February air and apologized for “not showing my best side”. He added he needed to visit his ailing father, Samsung Group patriarch Lee Kun-hee, who suffered a heart attack in 2014. “Park threatened Samsung Electronics executives,” the judge said. Shares in Samsung Electronics, of which Lee is vice chairman, reversed earlier losses and closed up 0.5 percent, compared to a 1.3 percent fall in the wider market. “Lee will have to decide which business to grow to continue Samsung Electronics’ robust growth, thanks to memory chips,” said Park Jung-hoon, fund manager at HDC Asset Management that owns shares in Samsung Electronics.

Source: bd News24 February 05, 2018 10:18 UTC