Samsung boss stands trial over stock manipulation in merger


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The jailed de facto leader of the giant Samsung group went on trial on Thursday over a stock manipulation case that effectively puts South Korea’s system of conglomerate control in the dock.

Samsung — whose flagship subsidiary is among the world’s biggest smartphone and computer chip makers — is by far the largest of the family-controlled empires known as chaebols that dominate business in South Korea, the world’s 12th-largest economy.

Chaebol families often have only a small ownership stake in their empires, but maintain control through complex webs of cross-shareholdings between units.



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