SEOUL, Aug 9 — The jailed de facto leader of the giant Samsung group will be released early on parole this week, South Korea’s justice ministry said today, easing concerns over a possible leadership vacuum at the conglomerate.
His freedom will ease concerns over decision-making at Samsung, by far the biggest of the family-controlled conglomerates, or chaebols, that dominate business in the country. South Korea traditionally issues pardons around this time of the year as it celebrates Independence Day on August 15, and the justice ministry said this year 810 people had been approved for release on parole.
Local reports said he was a “model prisoner” and this month a rule change came into effect cutting the proportion of the sentences prisoners must serve to be eligible for parole.He was first jailed for five years in 2017, after Park’s ouster, then walked free the following year when an appeals court dismissed most of his bribery convictions and gave him a suspended sentence.
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