(But we understand that) Lee was released so that he could get into work,” a high-ranking Samsung official said.ĭespite criticism from civic groups that the parole system is being abused as yet another get-out-of-jail-free card for the privileged, the authorities have given the green light to Lee’s economic activities. “The parole terms are actually in the gray area. Samsung says Lee is exempt from those restrictions as he technically doesn’t work for Samsung anymore, having left the board in 2019 and received no salary ever since. In South Korea, those convicted of embezzling 500 million won or more are banned from working for companies related to their crimes for five years after serving their terms. Lee, who was found guilty of misappropriating company funds worth 8.6 billion won ($7.3 million) to pay bribes to former President Park Geun-hye, can’t join Samsung Electronics’ board or take on any other official position. He was reported to have received a briefing from Samsung Electronics Vice Chairman Kim Ki-nam and met with the chiefs of other Samsung Group companies.ĭespite expectations that he would play a role in revitalizing the economy or solving the nationwide vaccine shortage, it is unclear how he could do either of those things considering his parole conditions. Straight from the Seoul Detention Center in Uiwang, Gyeonggi Province, where he served 60 percent of his 2 1/2-year sentence, Lee went to the Samsung headquarters in Seocho, southern Seoul, and stayed there until night. (Kim Byung-wook/The Korea Herald)Īll eyes are on Lee Jae-yong’s next move after the vice chairman of Samsung Electronics, released from jail on parole on Friday, set about saving the nation’s pandemic-hit economy. Samsung Electronics Vice Chairman Lee Jae-yong apologizes to the people as he leaves the Seoul Detention Center in Uiwang, Gyeonggi Province, at 10 a.m.
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