South Korea’s prime minister reluctantly advised the president to pardon Lee Jae-yong, the leader of the Samsung empire.
On July 27, Archyde.com reported that Prime Minister Han Deok-soo of South Korea replied that He will offer the president a pardon to the company’s vice president, Lee Jae-young. Samsung Electronics South Korea’s largest chipmaker in the world He was convicted of corruption and fraud in January 2021, but Lee was released on probation in August. After being held in prison for 18 months, the 30-month prison sentence received for the offenses
The move came during a response to a question in parliament regarding whether he would offer President Yun Seok Yeol a pardon to key businessmen. including Mr. Lee Jae-yong or not, with Mr. Han answering that he will do so if Mr. Yoon agrees. Such pardons may be issued during South Korea’s National Day celebrations. That falls on August 15, when it is customary to have pardons for prisoners during this time.
News said that the prison sentence of Mr. E. The owner of the giant business empire of South Korea. Will end on Friday (July 29), however, the announcement of the pardon, although symbolic. But it will allow Samsung’s leadership to conduct business activities more independently.
President Yun declined to answer reporters when asked regarding the matter last week.
Since Mr. Lee was released under probation. The Samsung empire has a significant movement. This includes setting up a new chip factory in Texas, USA, valued at $17 billion. Mobile phone and electronics merger and the appointment of a new co-CEO This is the biggest management adjustment of the Samsung business empire since 2017.
However, Mr Lee has another pending lawsuit over allegations of accounting fraud over an $8 billion merger of two Samsung subsidiaries in 2015.
