South Korean president pardons Samsung CEO Lee Jae-yong

South Korean President Yoon Seok-yeol has pardoned Samsung Group CEO and Samsung Electronics Vice President Lee Jae-yong.

In 2017, he was accused of paying bribes totaling $36.42 million to organizations associated with former South Korean President Park Geun-hye. In the same year, he was sentenced to 5 years in prison, but in 2018, the term was replaced with 2.5 years of probation.

In 2019, the case was sent back for reinvestigation, after which Lee Jae Young was charged with bribery of former President Park Geun-hye. In 2021, Lee Jae Young was sentenced to 2.5 years in prison. He was released on parole last August.

Lee Jae Young’s prison term officially ended on July 29, but he needed a pardon to regain all his rights. He will once again take leadership positions at Samsung.

In addition to Lee Jae-young, the South Korean president has pardoned 1,692 other people in honor of Independence Day. [CNET]


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