Samsung leader Jay Y. Lee released from South Korea prison on parole

Lee, 53, appeared outside the Seoul Detention Center, wearing a dark grey suit and looking thinner than when he was last detained in January

Jay Y. Lee, co-vice chairman of Samsung Electronics Co.
File Photo: Jay Y. Lee, co-vice chairman of Samsung Electronics Co.
Reuters UIWANG, South Korea
1 min read Last Updated : Aug 13 2021 | 8:14 AM IST

By Dogyun Kim and Joyce Lee

UIWANG, South Korea (Reuters) -Samsung Electronics Vice Chairman Jay Y. Lee, convicted of bribery and embezzlement, was released on parole on Friday.

Lee appeared outside the Seoul Detention Center, wearing a dark grey suit and looking thinner than when he was last detained in January.

"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."

In a symbolic move, Samsung Electronics on Thursday made good on a promise by Lee by announcing it had signed its first-agreements with four company labour unions that cover the provisions of offices and assurances that union activities will be allowed.

Lee vowed https://www.reuters.com/article/idUSKBN22I0PW in May 2020 to improve labour rights at the tech giant. A raft of Samsung employees have been found guilty of sabotaging labour union activities.

(Reporting by Dogyun Kim and Joyce Lee; Additional reporting by Sunghyuk An; Editing by Edwina Gibbs)

(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 :SamsungSamsung scion Jay Y LeeJay Y Lee

First Published: Aug 13 2021 | 8:14 AM IST

Next Story