--- title: "In Bribery and Embezzelement Cases Lee Jae-yong Receives Presidential Pardon" description: "Lee Jae-yong, who was guilty of bribery and embezzelement in January last year, was going to be \"reinstated\" to relinquish him an opportunity." author: "Siddhi Shaw" published: 2022-08-13 canonical: https://www.mindstick.com/news/1870/in-bribery-and-embezzelement-cases-lee-jae-yong-receives-presidential-pardon category: "technology" tags: ["technology", "business"] reading_time: 2 minutes --- # In Bribery and Embezzelement Cases Lee Jae-yong Receives Presidential Pardon The heir and [de facto leader](https://answers.mindstick.com/qa/34978/who-becomes-the-de-facto-leader-of-the-democratic-party) of **[Samsung](https://www.mindstick.com/news/1130/apple-sold-most-5g-smart-phones-in-q3-2021-samsung-holds-second-strategic-analytics) group** had received a presidential pardon **Friday**, the newest example of **South Korea's** long tradition of liberating [business leaders](https://answers.mindstick.com/qa/34753/which-country-to-host-the-2018-saarc-business-leaders-conclave) who were guilty of corruption on economic grounds.\ ``` HIGHLIGHTSSamsung group had received a presidential pardon FridayLee Jae-yong given a chance to 'contribute to overcome the economic crisis'Lee has been considered as the 278th-richest person in the world ``` **Justice Minister Han Dong-hoon** has claimed that the billionaire **Lee Jae-yong**, who was guilty of bribery and embezzelement in **January** last year, was going to be '**reinstated**' to relinquish him an opportunity to '**contribute to overcoming the economic crisis**' of the country. Lee has been considered as the **278th-richest** [person in the world](https://answers.mindstick.com/qa/31672/who-is-the-most-famous-person-in-the-world), with a net value of **$7.9 billion** who was free on parole in **August 2021**, after serving **18 months** in jail, simply over half of his original sentence. Friday's pardon would permit him to completely return to work by lifting a post-prison employment restriction that was eventually set for **5 years**. As per the statement of **Justice Ministry**, '**Due to the [world economic](https://answers.mindstick.com/qa/32036/which-one-is-the-most-crowded-city-according-to-the-world-economic-forum) crisis, the dynamism and vitality of the [national economy](https://answers.mindstick.com/qa/40906/how-did-the-civil-war-transform-the-national-economy-and-create-a-stronger-nation-state) have deteriorated, and also the economic slump has been feared to be prolonged**.' The pardon was given so that Lee along with other high-level executives would receive pardons **Friday** which would '**lead the country's non-stop growth engine through active investment in technology and job creation**,' the ministry had added. Lee, **54**, was pardoned with three different businessmen, as well as **Lotte Group Chairman Shin Dong-bin**, who was sentenced to a suspended **two-and-half-year prison** term within a bribery case in **2018**. The **Ministry** ahead of the annual **[Liberation Day](https://answers.mindstick.com/qa/39713/which-state-recently-celebrated-its-56th-liberation-day-in-india)** anniversary on **Monday** has mentioned that a total of **1,693 people** which would include prisoners with terminal illnesses and people close to the end of their terms who were added on the pardon list. The day of anniversary marks **Japan's 1945 World War II** surrender, that had liberated [South Korea](https://www.mindstick.com/news/1172/by-2026-south-korea-will-have-developed-technology-for-an-artificial-sun) from decades of colonial rule and was often [celebrated every year](https://answers.mindstick.com/qa/38541/in-which-indian-state-the-chapchar-kut-festival-an-annual-harvest-festival-is-celebrated-every-year-in-the-month-of-march) with the pardon of many prisoners. Also Read: [Android 13 gets Launched to its Flagship Phone by Samsung](https://www.mindstick.com/news/1840/android-13-gets-launched-to-its-flagship-phone-by-samsung) --- Original Source: https://www.mindstick.com/news/1870/in-bribery-and-embezzelement-cases-lee-jae-yong-receives-presidential-pardon Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.