SEOUL, South Korea (CNN) -- The former chairman of the Samsung Group was sentenced Wednesday to pay a hefty fine, but he will not go to jail, a court spokesman said.
Former Samsung Chairman Lee Kun-Hee is shown last week arriving at a court in Seoul.
The sentence comes after investigators looked into corruption allegations at Samsung, which accounts for about 18 percent of South Korea's economic output.
Former Chairman Lee Kun-Hee was sentenced for tax evasion to three years in prison, but that sentence was suspended, meaning he will not spend time behind bars. He also was ordered to pay 110 billion won ($109 million).
Lee was found not guilty of another charge -- breach of trust. The charge alleged that he illegally attempted to transfer ownership of a Samsung affiliate to his son.
Lee resigned in April.
"I sincerely apologize and will do my best to take full legal and moral responsibility," he a week after being indicted. "It grieves me for I still have many things to do."
