South Korea to pardon Samsung’s Lee, other corporate giants

South Korea to pardon Samsung's Lee, other corporate giants

Lee Jae-yong's pardon is partially symbolic since he was released on parole a year ago after serving 18 months of a prison term that would have ended in July.

South Korea pardons Samsung's Jay Y Lee in bid to revive the economy

By Yoonjung Seo and Gawon Bae, CNN BusinessThe de facto leader of Samsung, Lee Jae-yong, was pardoned by South Korea’s president on Friday for crimes including bribery, allowing him greater freedom to run the smartphone and semiconductor giant.The billionaire was twice sent to prison but had been out on parole since last year, but the special pardon ends a five-year ban on Lee holding a formal position at Samsung. The company’s shares were up 1%…

South Korea to pardon Samsung's Lee, other corporate giants

SEOUL, South Korea (AP) — Samsung's de-facto leader secured a pardon Friday of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean

South Korea pardons Samsung boss 'to help the economy'

The heir and de facto leader of the Samsung group received a presidential pardon on Friday, continuing South Korea’s long tradition of freeing business leaders convicted of corruption on economic grounds.Billionaire Lee Jae-yong, convicted of bribery and embezzlement in January last year, will be “reinstated” to give him a chance to “contribute to overcoming the economic crisis” of the country, justice minister Han Dong-hoon said.Lee – who has a…

Fri. 8:41 a.m.: South Korea to pardon Samsung’s Lee, other corporate giants

SEOUL, South Korea (AP) — Samsung’s de-facto leader secured a pardon today of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government, an act of leniency that underscored the tech company’s huge influence in the nation.Lee Jae-yong’s pardon is partially symbolic since he was released on parole a year ago after serving 18 months of a prison term that would have ended in July, and criti…

South Korea to pardon Samsung's Lee, other corporate giants

Lee was convicted of bribing South Korean President Park Geun-hye, a scandal that forced Park out of office.