Billionaire Lee Jae-yong, who was 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
In this file photo taken on May 10, 2022, Lee Jae-yong, Samsung Electronics' vice chairman and de facto leader of Samsung Group, attends an inaugural dinner of South Korea's President Yoon Suk-yeol in Seoul. Jae-yong received a presidential pardon on August 12, 2022, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds. Image: Jeon Heon-Kyun/Pool/AFP