You are currently viewing South Korea frees Samsung heir Jay Y. Lee from prison
South Korea frees Samsung heir Jay Y. Lee from prison

South Korea frees Samsung heir Jay Y. Lee from prison

Samsung heir Jay Y. Lee received a presidential pardon that saw him freed from prison and cleared of bribery charges. According to reports, the move was for him to lift the country out of the financial quicksand it found itself through the multinational electronic corporation he inherited from his father.

He has been tied down with legal issues since the mid-2010s and was sentenced to jail for five years in 2017. However, he got out after just one year and was rearrested and sentenced again in 2021 for two-and-a-half years.

The presidential pardon means that Lee would not face trial again for the crime, which was bribing public officials to allow the merger of two Samsung affiliates. Engadget says that the union would have made him the uncontested head of the company.

Also read:
Samsung repair mode is the new privacy protection you need
– Xiaomi MIX Fold 2 brings slimmer design than Samsung Galaxy Z Fold 4
WhatsApp rolling out three new privacy features, including blocking message screenshot.

Jay Y. Lee could now inherit his father’s seat at the head of the Samsung board. Also, he gets to travel overseas, another luxury he could not afford during his lengthy trial.

“In a bid to overcome the economic crisis by vitalizing the economy, Samsung Electronics Vice Chairman Lee Jae-yong, whose suspended prison term was ended recently, will be reinstated,” the Korean government said in a statement obtained by Bloomberg.

In addition, it appears that he still has the matter of fraud and stock manipulation to settle in court, and the hearings for those have not been set. There are those who feel that any official charge against Lee would be quashed as soon as they come up.

For your daily dose of tech, lifestyle, and trending content, make sure to follow Plat4om on Twitter @Plat4omLive, on Instagram @Plat4om, on LinkedIn at Plat4om, and on Facebook at Plat4om. You can also email us at and join our channel on Telegram at Plat4om. Finally, don’t forget to subscribe to OUR YOUTUBE CHANNEL.

Onwuasoanya Obinna

A reader of books and stringer of words. Passionate about Science and Tech. When not writing or reading he is surfing the web and Tweeting.