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Lee Jae-yong: Why South Korea just pardoned the Samsung 'prince'

Added 08-12-22 04:04:02am EST - “Lee Jae-yong, who was convicted for bribery and embezzlement, has been granted a presidential pardon.” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Lee Jae-yong: Why South Korea just pardoned the Samsung 'prince'”. Below is an excerpt from the article.

Samsung heir Lee Jae-yong - convicted of bribery and embezzlement in 2017 - has been granted a special presidential pardon.

One of South Korea's most powerful white collar criminals, Lee was twice imprisoned for bribing a former president.

South Korea's government justified the move, saying the de-facto leader of the country's biggest company was needed back at the helm to spearhead economic recovery post-pandemic.

This marks another swing in a struggle over how the country is run that has raged since mass protests took over Seoul six years ago and ousted a president from office.

Lee's crimes were directly tied up in the corruption scandal that led to the imprisonment of former president Park Geun-Hye, in office from 2013-2017.

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