(Seoul Composite Electric) South Korean President Yin Xiyue announced the "Light Rehabilitation" amnesty list. The helm of Samsung Group, Li Zaiyu, won the pardon and reinstatement of the President.
Li Zaiyu was sentenced to two and a half years in prison because of his bribery because of his bribery with his former President Park Geun -hye and his relative Cui Shun, but he had obtained parole after 18 months of serving.
He was still restricted for five years after his parole, and this pardon and reinstatement meant that he could restore business business.
Analysts believe that Li Zaiyu will be able to carry out commercial activities under less legal restrictions, which may indicate Samsung, the world's largest smartphone and memory chip manufacturer, will invest on large -scale investment.South Korean Minister of Legalist Han Dongxun said: "In view of the urgent needs of overcoming the national economic crisis, we carefully selected economic leaders who can lead the national growth engine through active technical investment and creation of employment opportunities to get them forgiveness."
South Korea, which relies on technology and exports, is the fourth largest economy in Asia. It is currently facing problems such as soaring inflation, weak demand, low consumer mood and slow expenditure.Li Zaiyu welcomed the amnesty and vowed that he would "work and create employment opportunities through continuous investment and creation" to work hard for the country's economy.
President of Lotte Group also obtained amnesty
At the same time, the pardon, including the President of Lotte Group, Xin Dongbin, and Lotte Group said in a statement that Xin Dongbin will help "overcome the complex global crisis."
However, Li Mingbo, the former President Li Mingbo, was not available on the amnesty list.Li Mingbo was prosecuted in 2020 for crime of corruption, abuse, and tax evasion, and was finally sentenced to 17 years in prison.
