Samsung's vice chairman — and de facto leader — Lee Jae-yong is to be released on parole this week, South Korea's Justice Ministry said
Lee, also known as Jay Y. Lee, was sentenced to two and a half years behind bars in January after the Seoul High Court found him guilty of embezzlement and bribery. He will now be released on August 13, the country's justice minister announced in a televised briefing.Minister Park Beom-kye said that Lee is among 810 other prisoners who have been granted parole on the occasion of the country's Liberation Day, which marks the liberation of Korea from Japanese imperial rule in 1945.
Lee can apply to the Justice Ministry for an exception, but it's unclear if he has done so.Lee was caught up in a massive influence-peddling scandal that brought down the government of former South Korean President Park Geun-hye. Park herself is spending some two decades in prison in connection with the case.
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