"While Samsung's pledge to actively pursue mergers and acquisitions has stalled, there's rising expectations that Vice Chairman Jay Y. Lee -- out from prison on parole -- may get back to the office within this year. "
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"Kim's retreat mars a sensational rise for an entrepreneur who founded his empire in 2006 and at one point overtook Samsung Group heir Jay Y. Lee to become South Korea's richest person. "
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"Samsung is hoping to win more American clients and narrow the gap with Taiwan Semiconductor Manufacturing Co. Its decision, which came months after de facto leader Jay Y. Lee was released from prison on parole, follows plans by TSMC and Intel Corp. to spend billions on cutting-edge facilities globally. "
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"Samsung Electronics Vice Chairman Jay Y. Lee left Sunday for Canada and the U.S. in his first overseas business trip since his parole in August, according to Yonhap News."
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"A South Korean court fined Samsung Electronics Co. Vice Chairman Jay Y. Lee 70 million won ($60,000) for his illegal substance use, dealing another legal blow to the de-facto head of the country's biggest company."
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"But the announcement comes days after Samsung scion Jay Y. Lee walked out of jail. "
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"A new elite of uber-rich entrepreneurs is shooting up the wealth rankings in South Korea, overtaking the families behind the country's decades-old sprawling conglomerates known as "chaebol."Brian Kim, the founder of mobile-messaging app Kakao Corp., is the most prominent example with a fortune of $12.9 billion, who recently replaced Samsung group heir Jay Y. Lee as the nation's richest person. "
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"Samsung Electronics Co. Vice Chairman Jay Y. Lee will be released from prison Friday after a justice ministry committee recommended that he receive parole, marking a dramatic reversal for South Korea's political and business landscape ahead of a presidential election early next year."
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"Meanwhile, there is growing anticipation that Vice Chairman Jay Y. Lee could be freed from prison, perhaps on Aug. 15, South Korea's Liberation Day. "
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"Now, he's considering whether to free Jay Y. Lee from jail in a decision that could shape his final year in office."
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"Jay Y. Lee has been accused in two different lawsuits of illegal behavior to ensure control over the conglomerate and is currently serving a jail sentence after a conviction for bribery in the first case."
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"Samsung heir Jay Y. Lee's stakes in three key group affiliates, including Samsung Electronics Co., will rise significantly following the death of his father, strengthening his control over South Korea's largest corporation."
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"The succession drama at Samsung has roiled South Korea for years, with allegations of bribery and corruption leading to the jailing of Jay Y. Lee and the resignation of the country's president. "
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"In January, Samsung heir Jay Y. Lee was sentenced to two and a half years in jail by a South Korean court. "
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"Samsung Electronics Co. de-facto leader Jay Y. Lee has decided not to appeal against a prison sentence, placing him behind bars for the next 18 months during a time of growing global uncertainty."
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"Shares of firms related to South Korean conglomerate Samsung Group plunged in Monday's trade after Reuters reported that Samsung heir Jay Y. Lee received a 2-1/2-year jail term."
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"Samsung Group dominated the headlines in the region, however, after Reuters reported that Samsung heir Jay Y. Lee has received a 2-1/2 year jail term."
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"Samsung Electronics Co. heir Jay Y. Lee was sentenced to 30 months in prison over bribery charges, a dramatic setback for the world's biggest electronics company as it tries to move beyond a years-long scandal that inflamed outrage over the cozy relationships between government and business."
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"Jay Y. Lee of Samsung Electronics Co. gained more than $2 billion as shares of the nation's biggest company advanced the most since March to hit a peak after it reported a 26% jump in operating income. "
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"While his son Jay Y. Lee is expected to take over as chairman of the group, the younger Lee still faces two trials over allegations he used bribery and accounting trickery to smooth his path to succession. "
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""I think Jay Y. Lee will be promoted to chairman early next year," said Lee Sang-hun, analyst at HI Investment & Securities. "
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"Jay Y. Lee has been groomed for decades to take over Samsung Group, the conglomerate founded by his grandfather and built by his father into a technology giant. "
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"In August 2019, the Supreme Court ordered the retrial of Jay Y. Lee over bribery charges that voided an earlier decision to suspend Lee's 2.5-year prison sentence. "
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"His son Jay Y. Lee has been the conglomerate's de facto leader since his father's hospitalization in 2014, but it isn't clear whether he will take over his father's role as had long been anticipated. "
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"Samsung Electronics Co.'s Vice Chairman Jay Y. Lee will visit Vietnam this week, where he is expected to meet Prime Minister Nguyen Xuan Phuc to seek support to expand in the country, Yonhap reported."
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"South Korea's prosecutors indicted Samsung Electronics Co.'s de facto leader Jay Y. Lee on allegations including stock manipulation, potentially putting the head of the world's largest electronics corporation on trial for years."
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