Samsung’s Jay Y. Lee Receives Presidential Pardon

SEOUL—Samsung de facto chief, Lee Jae-yong, will obtain a pardon on Monday, South Korea’s presidential workplace stated, a authorized reprieve underpinned by expectations that the enterprise tycoon will assist propel the nation’s economic system.

Mr. Lee, twice imprisoned for bribing South Korea’s former president, could have his felony file from his 2017 conviction cleaned. However the grandson of Samsung’s founder nonetheless has unresolved authorized woes associated to an accounting scandal that would land him again in jail if he’s discovered responsible. Mr. Lee, who goes by Jay Y. Lee within the West, has denied wrongdoing.