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Axios
Axios
World

South Korean president pardons Jay Y. Lee, Samsung heir who was convicted of bribery

South Korea's president on Friday pardoned Jay Y. Lee, Samsung Electronics' de facto leader who served 18 months in prison after being convicted of bribery and embezzlement.

Why it matters: The pardon will enable Lee, the grandson of Samsung's founder, to formally take the helm of the electronics giant at a critical moment as South Korea's government seeks to recover the country's pandemic-hit economy in the face of surging inflation.


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