26 August, 2017
Lee has been accused of bribery in the same scandal that led to the departure of Park, and had been arrested in February on corruption charges.
Song Wu-cheol, one of Lee's defence lawyers, described the verdict as "unacceptable" and said that the lower court ruling would be appealed.
The corruption scandal has also resulted in the conviction of another close associate of Park's, Choi Soon-sil, who was sentenced to three years in jail in June.
While the Samsung executives never expressly asked for Park's support, the court said, they made the payments to a secret confidant of the former president's with a wink-and-nod understanding characteristic of the way many South Koreans believe big businesses manipulate politicians.
Increase in Northern Ireland pupils achieving top grades
Fifty-three per cent of all GCSE grades achieved this year were A* or A (Grades 9-7) and 26 per cent were A*s (Grades 9-8). Early indications are that in North Yorkshire in GCSE English 90 per cent of adult learners achieved a grade 9 to 4.
"We apologise for the social controversy and distress we have caused", Samsung Group executive vice president Lee June told reporters.
Lee's sentence is the most current in a scandal involving millions of South Koreans protesting last year, leading Park to be removed from the officer in March earlier this year. On Friday, local news agency Yonhap stated that the court ruled that Samsung's vice chairman bribed former South Korea President Park Geun-hye.
Lee Jae-Yong, the son of Samsung group chairman Lee Kun-Hee, has been groomed all his life to take over the giant conglomerate founded by his grandfather in 1938. Park allegedly gave Choi access to government documents for which she had no clearance.
In addition to the Samsung Heir, four of the company's executives were revealed to have been involved in illicit activities. Further, the move expanded his power over Samsung Electronics, the division in charge of its phones, TVs and other devices, which is considered the chaebol's top earner. This could lay grounds of establishment that massive companies like Samsung could easily set up several connections with political authorities in South Korea. The five-year sentence is one of the longest prison terms given to a business leader in South Korean history.
In response to the verdict, Samsung's shares fell by 1%.