Samsung’s de-facto leader Lee Jae-yong secured a pardon on Friday of his conviction for bribing a former President Park Geun-hye in a corruption scandal that toppled a previous South Korean government, an act of leniency that underscored the tech company’s huge influence in the nation, reports AP.
His pardon is partially symbolic since he was released on parole a year ago after serving 18 months of a prison term that would have ended in July, and critics say the billionaire has remained in control of Samsung even while behind bars.
Still, the pardon will allow the heir to the electronics juggernaut to fully resume his management duties and could make it easier for the company to pursue investments and mergers.
The Justice Ministry said President Yoon Suk Yeol, who as a prosecutor investigated the corruption scandal involving Lee, will issue the pardon Monday, when some 1,700 people are set to receive clemency, including other top business leaders.
Lee Jae-yong, 54, was convicted in 2017 of bribing former President Park Geun-hye and her close confidante to win government support for a merger between two Samsung affiliates that tightened Lee’s control over the corporate empire.
Bd-pratidin English/Golam Rosul
