Imprisoned Samsung executive granted presidential pardon

Samsung’s manager Lee Jae-yong has been pardoned by the president of South Korea. With this, Lee, who was on parole, can continue his work as usual without restrictions.

Lee was charged with bribery, perjury and embezzlement in 2017. In January 2021, he was sentenced to 2.5 years in prison. However, he was released on parole already in August 2021.

To report on it

According to the South Korean Ministry of Justice, Lee’s pardon has been justified by his importance to the country’s business life and economy.

“Due to the global economic crisis, the dynamism and vitality of the national economy has deteriorated, and the economic downturn is feared to be prolonged,” the ministry’s press release says.

According to the ministry, Lee and three other businessmen were pardoned so that they could lead the country’s economic growth by investing in technology and creating new jobs.

At the same time as Lee, three other businessmen were also pardoned, including the CEO of South Korea’s fifth largest conglomerate of Lotte Group Chairman of the Board Shin Dong-bin whose trial in 2016 triggered the former president Park Geun-hyen the bribery scandal that brought down the government.

By Editor

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