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South Korea's president pardons Samsung chief Lee Jae-yong

Vice chairman of global tech giant latest top executive to receive leniency

Samsung Electronics Vice Chairman Lee Jae-yong is receiving a pardon from South Korean President Yoon Suk-yeol. (Photo by Jean Chung)

SEOUL -- South Korea on Friday announced a presidential pardon for Samsung Electronics Vice Chairman Lee Jae-yong, removing a cloud over the country's richest man who was paroled from prison last year after being convicted of bribery.

Justice Minister Han Dong-hoon said that Lee was included in a list of pardons along with Lotte Chairman Shin Dong-bin, a Korean-Japanese businessman better known as Akio Shigemitsu in Japan. They take effect on Monday, South Korea's Liberation Day holiday marking the end of Japanese colonial rule over the Korean Peninsula.

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