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Samsung Heir Wins Presidential Pardon, May Rejoin Board

  • Leader’s reinstatement expected to accelerate decision making
  • Lee had served 18 months in prison on bribery charges
Jay Y. Lee in front of the Seoul Central District Court on Aug. 12.
Jay Y. Lee in front of the Seoul Central District Court on Aug. 12.Photographer: SeongJoon Cho/Bloomberg
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Samsung Electronics Co. Vice Chairman Jay Y. Lee won a presidential pardon from graft charges, allowing him to formally take the helm of an electronics conglomerate roiled by global demand and supply shocks.

South Korean President Yoon Suk Yeol cleared the heir to the country’s biggest company of bribery charges, for which Lee spent 18 months in prison before his release on parole a year ago. Samsung’s shares rose as much as 1.3% in Seoul.