Jay Y. Lee has been sentenced to 30 months in prison after being convicted of bribery, embezzlement and other offences. - AP
SEOUL (Reuters): Leaders of South Korea's largest conglomerates urged President Moon Jae-in on Wednesday (June 2) to pardon Jay Y. Lee, the jailed vice chairman of Samsung Electronics Co Ltd, to maintain the country's edge in the chip industry.
The plea was made during a luncheon between Moon and chiefs of four major business empires - Samsung, Hyundai, LG and SK - designed to boost economic cooperation after Moon and US President Joe Biden agreed to bolster the global supply chain for high-tech manufacturing.
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