Saturday, May 30, 2026
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Sport
  • Science and Tech
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • My Space
    • Education Today
    • Reviews
    • Property
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • My Space
  • Reviews
  • Education Today
  • Property
  • Lifestyle
Home | Business | Samsung Heir Set Free On Parole After 7 Months In Prison

Samsung heir set free on parole after 7 months in prison

The vice chairman of Samsung Electronics offered a public apology, leaving the Seoul Detention Centre in Uiwang, 25 kms south of Seoul, where his supporters, as well as protestors, had been waiting for the tycoon to come out.

By IANS
Published Date - 13 August 2021, 10:08 AM
Samsung heir set free on parole after 7 months in prison
whatsapp facebook twitter telegram

Seoul: Samsung group’s de facto leader Lee Jae-yong was released on parole on Friday, seven months after he was imprisoned over bribery.

The vice chairman of Samsung Electronics offered a public apology, leaving the Seoul Detention Centre in Uiwang, 25 kms south of Seoul, where his supporters, as well as protestors, had been waiting for the tycoon to come out.


“I apologise for causing people great concern,” Lee said, briefly speaking to reporters. “I am well aware of those concerns, criticisms and expectations of me.”

He was among 810 inmates who were granted parole by the Ministry of Justice in celebration of the August 15 Liberation Day, reports Yonhap news agency.

Some activists strongly complained about Lee’s early release, which they said showed excessive leniency toward him for his corruption.

Lee had been serving time since he was sentenced to 2 1/2 years in prison by the Seoul High Court on Jan. 18 in a retrial of a bribery case involving former President Park Geun-hye.

He was convicted of bribing Park and her longtime friend to win government support for a smooth father-to-son transfer of managerial power at the conglomerate.

A grandson of Samsung founder Lee Byung-chul, Lee has been running the conglomerate since his father, Lee Kun-hee, suffered a stroke and became bedridden in 2014. Lee Kun-hee died in October.

Earlier this week, the ministry said it considered “the country’s economic situation and the conditions of the global economy amid the prolonged COVID-19 pandemic,” as well as “social sentiment, and (the prisoner’s) behavior and attitude” as factors behind the decision.

Lee should abide by parole conditions, such as reporting to the parole office in advance if he plans to move his residence or leave the country for more than a month, among other things.

He is also banned from returning to work at Samsung for five years under the Act on the Aggravated Punishment of Specific Economic Crimes. The ministry did not lift the restriction.

He is also on separate trial over the controversial merger of two Samsung affiliates and the vice chairman’s allegedly illegal use of propofol, an anesthesia-inducing medication.

  • Follow Us :
  • Tags
  • Lee Jae-Yong
  • Samsung
  • Samsung Electronics
  • Seoul

Related News

  • Samsung faces major strike after pay talks with union falls apart

    Samsung faces major strike after pay talks with union falls apart

  • Samsung denies Dua Lipa’s claim of using her photo without permission

    Samsung denies Dua Lipa’s claim of using her photo without permission

  • Dua Lipa files 15 million USD lawsuit against Samsung over alleged unauthorised use of image

    Dua Lipa files 15 million USD lawsuit against Samsung over alleged unauthorised use of image

  • Samsung chief clicks selfie with Modi, S. Korean President at Noida

    Samsung chief clicks selfie with Modi, S. Korean President at Noida

Latest News

  • Five, including two from Hyderabad, feared drown in Kurnool’s Tungabhadra river

    2 mins ago
  • BRS condemns arrest of ex-MLA Balka Suman, slams Congress govt’s ‘undemocratic’ rule

    29 mins ago
  • Pharma City farmers stage dharna, demand repeal of G.O.Ms. 31

    5 mins ago
  • Five-storey building collapses near Saket Metro in Delhi, several feared trapped

    1 hour ago
  • Karnataka Governor invites DK Shivakumar to form hovernment on June 3

    2 hours ago
  • From Udanta Martand to digital age: India celebrates 200 years of Hindi journalism

    2 hours ago
  • Armed forces ready for Operation Sindoor 2.0 if needed, says Army Chief

    2 hours ago
  • Navy Chief backs dedicated naval theatre command amid West Asia crisis

    2 hours ago

company

  • Home
  • About Us
  • Contact Us
  • Privacy Policy

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

  • Telangana Today Telangana Today
Telangana Today Telangana Today

© Copyrights 2024 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam