From Jiyoung Sohn and Hakyung Kim's "Samsung Leader Jay Y. Lee Receives Presidential Pardon for Bribery Conviction" in Friday's Wall Street Journal:
Samsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal reprieve underpinned by expectations that the business tycoon will help propel the nation’s economy.
Mr. Lee, twice imprisoned for bribing South Korea’s former president, will have his criminal record from his 2017 conviction wiped clean. But the grandson of Samsung’s founder still has unresolved legal woes related to an accounting scandal that could land him back in jail if he is found guilty. Mr. Lee, who goes by Jay Y. Lee in the West, has denied wrongdoing.
“I am deeply grateful for the opportunity to make a new start,” Mr. Lee said in a statement following the announcement of the pardon. “I will work hard to fulfill my responsibility as an entrepreneur,” he said.
All major decisions across the Samsung conglomerate, which spans smartphones to insurance to electronic-vehicle batteries, require Mr. Lee’s signoff.
My take: Channeling Bartley Yee...
Not unexpected. Business as usual in S. Korea, Presdential pardon, record expunged, sure to have some political contributions. But must save face and keep Samsung going.
Sad, IMO. Certainly feels like many are above the law. There and here.