Samsung's Jay Y. Lee Set Free in Unexpected Court Reversal
- Suspended sentence fuels doubt over country’s chaebol reforms
- Lee was embroiled in national influence-peddling scandal
This article is for subscribers only.
A South Korean appeals court let Samsung Electronics Co. Vice Chairman Jay Y. Lee walk free from prison after suspending his sentence for bribery, a stunning reversal that raises questions about the government’s ability to reform the nation’s most powerful corporations.
The heir to the country’s largest conglomerate had appealed his sentence, which the court reduced by half to two and a half years on Monday. He will be on probation for four years, the court said.