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8/12, 5:27 AM (Source: TeleTrader)
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Samsung vice chair pardoned by S. Korean president

Samsung Electronics Co.'s Vice Chairman Jay Y. Lee was pardoned by South Korean President Yoon Suk-yeol on Friday, the country's Ministry of Justice announced.

Lee, who has been on parole since August 2021 after serving 18 months in prison, was sentenced to 2 and a half years over bribery, which involved country's ex-President Park Geun-hye.

In addition to Lee, the Yoon pardoned over 1,600 individuals, with the absolution coming into force from Liberation Day on Monday.

Baha Breaking News (BBN) / AY