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Samsung chief to be granted parole as chip competition intensifies

Lee Jae-yong to be freed on Friday after serving over half of 30-month jail term

Jailed Samsung Vice Chairman Lee Jae-yong is to be released on parole on Friday. Lee is pictured arriving at court on Jan. 18.   © AFP/Jiji

SEOUL -- Samsung Electronics Vice Chairman Lee Jae-yong, who has served 60% of his 30-month jail term for corruption, will be granted parole on Friday, South Korea's justice ministry announced on Monday.

The ministry said that Lee was included in the list of 810 prisoners to be released on the occasion of Liberation Day which falls on Sunday. The nine-member Parole Review Committee, chaired by Vice Justice Minister Kang Sung-kook, hosted a four-hour meeting in the afternoon to discuss the matter.

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