Skip to content
Subscriber Only

Samsung’s Lee Wins Parole After Jail Sentence for Bribery

  • Lee was jailed a second time in January after bribery trial
  • Parole comes amid a global chip crunch and before elections
Updated on

Samsung Electronics Co. Vice Chairman Jay Y. Lee will be released from prison Friday after a justice ministry committee recommended that he receive parole, marking a dramatic reversal for South Korea’s political and business landscape ahead of a presidential election early next year.

The justice ministry decided Monday to grant parole to the de-facto leader of Samsung two days before Liberation Day on Aug. 15, Justice Minister Park Beom-kye said during a briefing. Authorities reached the decision after taking into account account public sentiment and Lee’s “attitude during incarceration,” as well as the impact of the prolonged Covid-19 outbreak on the national and global economies, Park said.