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Samsung Electronics Co. Executive Chairman Lee Jae-yong scored an important victory on Monday after a Seoul court acquitted him of stock manipulation charges, allowing the billionaire to keep leading a conglomerate under threat from rivals old and new.
The acquittal lifts a weight off the world’s largest maker of memory chips and displays, which is struggling with a global downturn and a stiff challenge from Apple Inc. in smartphones and SK Hynix Inc. in the nascent field of AI. The surprise decision finally removes the threat of jail time…