“I will work harder and fulfill my duties as an entrepreneur,” Lee stated after his pardon was once granted. “I will contribute to the economy through continuous investment and job creation for young people, and repay the expectations of the people and the government’s consideration.”
Lee has been working as Samsung’s de facto chief since 2014, when his father fell into coma after struggling a middle assault. The senior Lee died in 2020.
His pardon comes forward of the rustic’s Liberation Day which marks the liberation of Korea from Japanese imperial rule in 1945. The South Korean executive regularly grants pardons round Liberation Day.
Lee, additionally recognized extensively as Jay Y. Lee, have been sentenced to 5 years in jail for embezzlement and bribery in August 2017, however he walked loose after not up to a 12 months in 2018 when an appeals court docket threw out one of the fees and suspended the sentence.
However, Lee was once despatched again to jail in January 2021 after being sentenced to 2 and a part years and not using a suspension after the Seoul High Court discovered him to blame of embezzlement and bribery. He was once launched on parole on Liberation Day final August.
Along with Lee, Lotte Group’s Chairman Shin Dong-bin and two different trade leaders had been incorporated within the team pardoned or reinstated via President Yoon Suk Yeol.
South Korea’s Justice Minister Han Dong-hoon on Friday stated, “To overcome the economic crisis by revitalizing the economy, Samsung’s Vice Chairman Lee Jae-yong, who’s term has recently ended, will be reinstated.”
No employment restrictions for Lee
The pardon paves the best way for Lee to paintings with out restrictions.
However, his felony troubles is probably not over.
That case continues to be pending.