South Korea: Samsung boss receives presidential pardon | News | DW

Samsung heir Lee Jae-yong received a presidential pardon on Friday, the South Korean Justice Ministry announced.

Jae-yong was convicted last year on embezzlement and bribery charges. He was released on parole in August 2021, meaning the pardon is largely symbolic.

Prior to being released, Lee served 18 months in jail, just over half of his original sentence.

Friday’s pardon allows Lee to fully return to work since it lifts an employment restriction originally meant for five years after being released from prison.

“Due to the global economic crisis, the dynamism and vitality of the national economy has deteriorated, and the economic slump is feared to be prolonged,” the Justice Ministry said in a statement.

More to follow…

rm/wd (Reuters,…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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