According to the famous Forbes magazine, Lee is the 278th richest person in the world. His total wealth is 7.9 billion dollars. A presidential pardon would allow Lee to return to his full duties. The five-year post-imprisonment restriction imposed on him will no longer apply.
The country’s Ministry of Justice said in a statement that the dynamism and vitality of the national economy has deteriorated due to the global economic crisis. There is a risk of prolonged economic recession. In this situation, including Lee and other business executives who received the presidential pardon today, they can lead the country’s economic growth through investment.
Today, in addition to the 54-year-old Lee, three other South Korean businessmen received presidential pardons. Lee is vice president of Samsung Electronics. He has been working as the head of Samsung since 2014.
Lee paid $36.3 million in bribes to the non-profit company of Chou Soon-sil, a close friend of the country’s then-President Park Geun-hye, to obtain government benefits. Park was impeached by parliament over this scandal.