Top court finalizes suspended prison term for Hyosung vice chief after 12-yr legal battle
SEOUL, Sept. 10 (Yonhap) -- The Supreme Court on Thursday finalized a suspended ...
The Supreme Court of South Korea has recently announced that Hyosung Group Vice Chairman Lee Sang-woon will serve a suspended prison term of 2.5 years, bringing an end to a 12-year legal battle. In 2014, Lee was indicted alongside Hyosung's former Chairman Cho Seok-rae on multiple charges, including tax evasion, accounting fraud, and stock trading under a false name.
They were accused of embezzling 69.8 billion won from an overseas subsidiary, causing a 23.3 billion won loss to the company. The initial sentence was suspended for four years, but the case was sent back for retrial and later upheld by the appellate court. Despite appeals by both the prosecution and Lee, the Supreme Court upheld the final decision.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
