Financial TimesFinancial Times

Samsung heir Lee Jae-yong to win presidential pardon

By Christian Davies and Song Jung-a

12 Aug 2022 · 2 min read

Editor's Note

You should read this article to discover how and why the heir to Samsung received a presidential pardon - after serving 19 months of a 30 month sentence. Read the latest from The Financial Times.

Billionaire scion of company’s ruling family served 19 months for bribing a former presidentSamsung heir Lee Jae-yong is to receive a presidential pardon next week, paving the way for him to retake the helm of South Korea’s biggest company as it confronts slowing demand in the global chip sector.

The billionaire scion of Samsung’s ruling family will be formally granted the pardon on Monday by president Yoon Suk-yeol, who as a prosecutor had led Lee’s prosecution on bribery charges.

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