The Seoul High Court on Monday lowered the jail term for Hanwha Group chairman Kim Seung-youn from four years to three years after confirming most of the charges of embezzlement and breach of trust.
The court cleared him of some charges related to breach of trust in connection with a corporate takeover.
But the court additionally found him guilty of illegally supporting an affiliate, for which he was acquitted by a lower court. Kim was imprisoned last year but released in January due to poor health.
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