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

20210805 Lee Jae-yong

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

KIM JAEWON, Nikkei staff writer

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.

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