Samsung Heir Sentenced to Prison, Pardoned

Seen as Samsung’s heir, Lee Jae-yong no longer stands in the way of assuming the presidency. Yong received a ‘presidential pardon’ from the South Korean President himself.

Samsung has hosted striking events in its own country in recent years. Deputy Baikan of the company Lee Jae YongHe was sentenced to 5 years in prison for bribery of the president. Yong appealed after this decision, but the court decided to mitigate the sentence without lifting it. yong, 2.5 years in prison had been sentenced.

Yong was finally released from prison on parole in August 2021. While Yong continues to work at Samsung today, a decision was made that cleared him of all charges. South Korean President Yoon Suk-yeol has granted a presidential pardon for Samsung Vice President Lee Jae-yong.

There was no explanation for the Samsung heir:

The country’s president, Yoon Suk-yeol, said in a statement on the subject that the main purpose of the amnesties is nothing but people’s livelihoods and the revival of the economy. Yeol, that priority is people’s livelihoodHe said the government will of course take care of them, but the economy must work properly so that people have room to breathe.

Yeol did not decide to make a specific statement about the pardoned chairman of Samsung. On the other hand, this amnesty is granted by the sector. development of an important mobility seen as. While the US, South Korea, Taiwan and Japan are expected to jointly challenge China in semiconductor manufacturing, Yong has long been seen as a candidate to head Samsung.

These two events will come true, according to many analysts. which will play one of the biggest roles in the partnership of the four countries. Samsung will take over Yong’s management. According to analysts, Yong will be able to sit in the top seat of the company with the pardon he receives. Samsung’s presidential seat has been vacant since the death of the previous president, Yong’s father.

Lee Jae-yong serving a 2.5-year prison sentence He had completed his 18-month period.

Past events about Samsung’s heir:

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Source :
https://asia.nikkei.com/Politics/South-Korea-s-president-pardons-Samsung-chief-Lee-Jae-yong2


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