South Korea’s Justice Ministry has said that President Yoon Suk-yeol has granted a pardon for Samsung Electronics Vice Chairman Jay Y. Lee so that he could help the country overcome a “national economic crisis”.
The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery relating to his time leading the world’s biggest smartphone and memory-chip maker.
However, analyst says that the pardon should mean Lee will be able to carry out business activities more freely and could herald some big moves from Samsung.
