S Korea's ruling party chief hints at Samsung scion Lee Jae-yong's pardon

The chairman of the ruling Democratic Party (DP) has hinted at the potential parole of Lee Jae-yong, the de facto head of Samsung Group

Lee Jae-yong, Samsung, jail
File photo of Lee Jae-Yong
IANS Seoul
2 min read Last Updated : Jun 07 2021 | 10:13 AM IST

The chairman of the ruling Democratic Party (DP) has hinted at the potential parole of Lee Jae-yong, the de facto head of Samsung Group.

Business conglomerates have recently called for Lee to be pardoned, especially ahead of the August 15 Liberation Day, an anniversary on which South Korea's presidents have often used their right to grant a special pardon as part of efforts for promoting national unity.

"(Lee) could possibly be freed on parole, not limited only to a pardon," Rep Song Young-gil said during an interview with Yonhap News Agency on Sunday.

It is his first press interview since taking the party leadership.

Song also stressed that Samsung needs the leader of the conglomerate in office, not in jail, in order for investments to be made.

"There are growing public calls that Lee needs to work in the semiconductor and vaccine sectors amid the pandemic," Song said.

Business lobby groups have sent similar letters to the presidential office Cheong Wa Dae to ask for Lee to be pardoned, raising concerns over the absence of leadership at Samsung Electronics, the world's largest memory chip maker, when its rivals are ramping up investments to address a global chip shortage.

More than six out of every 10 South Koreans support the idea of pardoning Lee Jae-yong, the jailed de facto leader of Samsung Group, a poll showed last month.

Only 27 percent opposed the idea, while the remaining 9 percent said they are undecided on the issue.

Those who support giving clemency to Lee outnumbered those who objected in all age and regional groups, according to the poll.

--IANS

na/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :SamsungSouth KoreaSamsung corruption case

First Published: Jun 07 2021 | 10:08 AM IST

Next Story