South Korea: parole of number two and heir to Samsung

Lee Jae-yong on his release from prison on August 13, 2021. AP - Lee Jin-man

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He eventually spent 207 days in prison.

The number two and heir to Samsung has been free since Friday, August 13.

This parole for Lee Jae-yong comes after he was jailed in January after a resounding corruption trial in which the country's former president was also sentenced.

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Like Samsung's number two,

the former president was condemned

for having had the group finance the foundation of a friend in exchange for political support.

If she stays in her cell, Lee Jae-yong is he is a free man after serving more than half of his two-and-a-half-year sentence.

Under the terms of this release, Lee Jae-yong cannot travel or work for Samsung without permission from the Department of Justice.

Difficult economic context

However, in a press release, the ministry seems to say that this release could help the country in a difficult economic context.

In particular to manage the shortage of semiconductors.

It remains to be seen whether the government will ease the conditions of his freedom.

Samsung

invests in any case billions of dollars in semiconductor factories on American soil.

The US Chamber of Commerce in Seoul has itself pleaded for the release of Lee Jae-yong against the advice of millions of Koreans who demonstrated to remind the president of his promises to end illicit links between politicians and private groups. .

The heir to Samsung, however, has not finished with justice.

He is charged in another case of alleged fraud and manipulation of stock prices.

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