Stock Market News
S.Korea’s Yoon pardons Samsung leader Jay Y. Lee
2022.08.12 05:29
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 granted a pardon for Samsung Electronics (OTC:SSNLF) Vice Chairman Jay Y. Lee, South Korea’s Justice Ministry said on Friday.
The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery relating to his time leading the world’s biggest smartphone and memory-chip maker.