March 2, 2024

AndronETalksNews

AndronETalksNews

Lee Jae-yong: Why South Korea just pardoned the Samsung ‘prince’

BBC News

By Frances Mao

August 12, 2022

Samsung heir Lee Jae-yong – convicted of bribery and embezzlement in 2017 – has been granted a special presidential pardon.

One of South Korea’s most powerful white collar criminals, Lee was twice imprisoned for bribing a former president.

South Korea’s government justified the move, saying the de-facto leader of the country’s biggest company was needed back at the helm to spearhead economic recovery post-pandemic.

This marks another swing in a struggle over how the country is run that has raged since mass protests took over Seoul six years ago and ousted a president from office.

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