S.Korea's Yoon pardons Samsung's Jay Y. Lee to counter 'economic crisis'


FILE PHOTO: Samsung Electronics Vice Chairman Jay Y. Lee arrives at a court in Seoul, South Korea, October 26, 2021. REUTERS/Kim Hong-Ji

SEOUL (Reuters) -South Korea's President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with the justice ministry saying the business leader was needed to help overcome a "national economic crisis".

The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery in a scandal that led to massive protests and brought down then-President Park Geun-hye in 2017.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

U.S. stocks close mixed
Strongest earthquake in nearly 150 years hits off Cuba, shakes Mexico, Florida
Iraq reports 145 Crimean-Congo hemorrhagic fever cases, 9 deaths
Dozens kidnapped in northwest Nigeria after bandits invite them to talks
Morocco's GDP up 4.9 pct in 2025
Ukraine's Zelenskiy says he had 'positive' conversation with Witkoff and Kushner
Congo says Ebola deaths top 100 as armed groups threaten response
WHO says Ebola outbreak expands fast in DRC, spreads to Uganda
Chinese automaker Chery launches 3 hybrid car models in Tunisia
U.S. stocks close mixed

Others Also Read