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Ex-Samsung CEO convicted of bribery pardoned and allowed to return to work – IT Pro – News

South Korean President Yoon Seok-yeol has pardoned former Samsung chief Lee Jae-yong. The businessman had been convicted of bribery and had a ban from working as part of that. The motive behind the blessing is to stimulate the economy.

Among other things Reuters writes That motive came in a statement issued by the Ministry of Justice in South Korea. The South Korean government wants pardon for the faltering economy: “Since it is badly needed to overcome the national economic crisis, we have pardoned carefully selected economic leaders who are driving the national growth engine through active investment in technology and job creation,” the South Korean government said. justice. Han. Another businessman, Shin Dong Bin, was also pardoned. He was also convicted of bribery and sentenced to 2.5 years in prison.

In his response, the former Samsung CEO apologized and promised to “start over” and “do a better job of giving back to the community and growing together.” Bloomberg writes.

It’s not certain if Lee will actually return to Samsung. Anyway, analysts spoke to Reuters expect it. Anonymous sources from the news agency also stated that major decisions at Samsung “should be made only by me,” according to those insiders. At least Samsung is currently financial Not in the best condition.

Lee was already active in this sector without working for Samsung. He is said to have attended a tour of Samsung’s chip factories, where Joe Biden and President Yoon toured. He is also said to have held talks with ASML CEO Peter Wennink about commissioning “advanced equipment with a key role”.

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Court found me in 2017 guilty of bribery. Through shady foundations and frontmen, the CEO is said to have paid a €34 million bribe to former South Korean President Park Geun-hye. This could have been done in exchange for support with commercial deals.