Lee Jae-yong’s prison quarantine release… Investment decision momentum

Jaeyong Lee, Vice Chairman of Samsung Electronics. yunhap news

Samsung Electronics’ decision-making is expected to gain momentum as Samsung Electronics Vice Chairman Lee Jae-yong, who was sentenced to prison after being sentenced to remand from last month’s ruling and repatriation of the Gukjeong Nongdan case, will be available from the 17th.

According to the business world on the 16th, Vice-Chairman Lee, who was imprisoned in the Seoul detention center, was quarantined for four weeks according to the Corona 19 response guidelines and then moved to a general detention room on the 15th. Vice-Chairman Lee has only been able to interview lawyers in limited locations over the past four weeks. As Vice-Chairman Lee’s quarantine was lifted and the distancing of the metropolitan area was eased to two stages, interviews with lawyers and public visits were allowed from the 17th.

Above all, it is expected that the decision-making of Samsung Electronics’ management issues will speed up as it becomes possible to interview the general public.

The biggest issue for Samsung Electronics is the semiconductor investment issue. Currently, Samsung Electronics is on the verge of making large-scale investment decisions in the domestic Pyeongtaek line 3 and in Austin, USA. Pyeongtaek Line 3 is currently undergoing full-fledged frame construction, and the investment is expected to exceed 30 trillion won. In addition, incentives for investment are being discussed in Arizona and New York, including Austin, Texas, where the foundry (consigned semiconductor production) plant is located.

As family visits begin, the issue of property inheritance, the late Chairman Lee Kun-hee, must also be resolved. Vice-Chairman Lee’s inheritance tax payment deadline is until April, and it is necessary to establish a plan for evaluating inheritance properties such as stocks, real estate, and art, distributing property and stocks among the bereaved, and financing inheritance tax.

Reporter Nam Hye-jung [email protected]

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