President Moon Jae-in’s office says decision to parole vice-chair Jay Y Lee was made in the national interest
Jay Y Lee, co-vice chair of Samsung Electronics, is released from the Seoul Detention Centre in Uiwang, South Korea, on August 13 2021. Picture: BLOOMBERG/SEONGJOON CHOSamsung Electronics vice-chair Jay Y Lee, convicted of bribery and embezzlement, was released on parole on Friday, with hopes high at the tech giant that he will soon be back at work.
“I’ve caused much concern for the people. I deeply apologise,” Lee told reporters. “I am listening to the concerns, criticisms, worries and high expectations for me. I will work hard.”President Moon Jae-in’s office said in a statement that the decision to parole Lee was made in the national interest and called for understanding from the public.
Before he can resume work, however, Lee must gain separate justice ministry approval, though the decision is expected to be a formality. In particular, he is expected to make a final call on the location of a $17bn US plant that will produce advanced logic chips. Lee initially served one year of a five-year sentence from August 2017 which was later suspended. That court decision was then overturned and while the sentence was shortened, he was sent back to jail in January this year.
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