A South korean court sentenced billionaire Samsung heir Lee Jae-Yong to five years in prison on Friday.The Seoul central district court convicted Lee, 49, the vice-chairman of the world's largest smartphone maker, of bribery. Lee was found guilty of bribery, embezzlement, hiding assets oversea, concealing profit from criminal acts and perjury. Following the decision, Lee's lawyer song Wu-cheol said that the defense team will appeal the decision.
