Aug 13, 2021
Lee Jae-yong: Samsung heir released from prison on parole
Samsung heir Lee Jae-yong has been released from a South Korean prison and is now on parole. "I've caused much concern for the people. I deeply apologise," Lee said. At the time of his verdict, the court said that Lee "Actively provided bribes and implicitly asked the president to use her power to help his smooth succession" at the head of Samsung. The court found Lee guilty of bribery, embezzlement and concealment of criminal proceeds worth about 8.6 billion won. The Justice Ministry said it made the decision to release Lee after considering the effects of the pandemic on South Korea's economy and global markets.
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