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[$$] Former South Korean President Sentenced to 15 Years in Jail

SEOUL—South Korea’s former president Lee Myung-bak was sentenced to a 15-year prison term for embezzlement, causing losses to state coffers and bribery, becoming the country’s fourth leader to be convicted of corruption offenses committed while in office. The case is one of several in recent years exposing uncomfortably close connections between South Korea’s government and the family-run business empires that dominate the economy. Part of the case against Mr. Lee centered on his pardoning of the chairman of Samsung, who had been convicted of tax evasion, in return for Samsung Electronics Co.’s payment of almost $6 million in legal fees for an auto-parts company, DAS Corp.