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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

South Korea Pardons Samsung Boss 'to Help the Economy'

Samsung Electronics vice chairman Lee Jae-yong, convicted of bribery and embezzlement in January 2021, was pardoned Friday JEON HEON-KYUN POOL/AFP/File

The heir and de facto leader of Samsung group received a presidential pardon Friday, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.

Billionaire Lee Jae-yong, who was convicted of bribery and embezzlement in January last year, will be "reinstated" to give him a chance to "contribute to overcoming the economic crisis" of the country, Justice Minister Han Dong-hoon said.

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