The Seoul High Court upheld on February 3 a lower court's ruling dismissing all the charges from a case involving a $8-billion, 2015 merger between two Samsung affiliates that prosecutors said was designed to cement Lee's control of the tech giant.

A South Korean appeals court has upheld a ruling that acquitted Samsung Electronics Chairman Lee Jae-yong of financial criminal charges over a contentious merger between Samsung affiliates that cemented his grip over the biggest South Korean company.

South Korean prosecutors will appeal to the Supreme Court after an appeals court ruled Samsung Chairman Jay Y. Lee not guilty of charges related to a 2015 merger. The Seoul High Court upheld a lower court's decision that dismissed all charges against Lee regarding an $8 billion merger between two Samsung affiliates.

The prosecution said Friday it will appeal the recent acquittal of Samsung Electronics Co. Chairman Lee Jae-yong in relation to a 2015 merger case to the Supreme Court. On Monday, the Seoul High Court upheld the acquittal of Lee in accounting fraud and other irregularities related to