{"id":26446,"date":"2022-08-12T03:31:34","date_gmt":"2022-08-12T03:31:34","guid":{"rendered":"http:\/\/gyalchisarshog.com\/?p=26446"},"modified":"2022-08-12T03:31:45","modified_gmt":"2022-08-12T03:31:45","slug":"lee-jae-yong-why-south-korea-just-pardoned-the-samsung-prince","status":"publish","type":"post","link":"https:\/\/gyalchisarshog.com\/?p=26446","title":{"rendered":"Lee Jae-yong: Why South Korea just pardoned the Samsung &#8216;prince&#8217;"},"content":{"rendered":"\n<p>BBC News:   <\/p>\n\n\n\n<p><strong>Samsung heir Lee Jae-yong &#8211; convicted of bribery and embezzlement in 2017 &#8211; has been granted a special presidential pardon.<\/strong><\/p>\n\n\n\n<p>One of South Korea&#8217;s most powerful white collar criminals, Lee was twice imprisoned for bribing a former president.<\/p>\n\n\n\n<p>South Korea&#8217;s government justified the move, saying the de-facto leader of the country&#8217;s biggest company was needed back at the helm to spearhead economic recovery post-pandemic.<\/p>\n\n\n\n<p>This marks another swing in a struggle over how the country is run that has raged since mass protests took over Seoul six years ago and ousted a president from office.<\/p>\n\n\n\n<p>Lee&#8217;s crimes were directly tied up in the corruption scandal that led to the imprisonment of former president Park Geun-Hye, in office from 2013-2017.<\/p>\n\n\n\n<p>The &#8220;Crown Prince of Samsung&#8221; &#8211; as he was dubbed by protesters &#8211; paid $8 million (\u00a36.6m) in bribes to President Park and her associate to secure support for a merger opposed by shareholders that would shore up his control of his family&#8217;s empire.<\/p>\n\n\n\n<p>When it was revealed, millions of South Koreans turned out at candlelit protests every weekend in the 2016\/2017 winter, demanding an end to Park&#8217;s government and the stitch-up between politics and business.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/10AB\/production\/_126276240_gettyimages-625867752.jpg\" alt=\"Protesters pack the forecourt outside the Presidential Palace in Seoul during the 2016\/2017 anti-corruption protests\"\/><figcaption>Image caption, Millions of people attended the protests against President Park and her corruption<\/figcaption><\/figure>\n\n\n\n<p>Korea&#8217;s parliament impeached Park and she was imprisoned in 2017 for 25 years.<\/p>\n\n\n\n<p>Lee, who is also known as Jay Y Lee in the West, was jailed a year later for offences including embezzling company funds to buy a $800,000 (\u00a3650,000) horse for the president&#8217;s friend&#8217;s daughter.<\/p>\n\n\n\n<p>A new president, Moon Jae-in swept into office with a mandate to clean up the mess. But he failed to make much headway. In his last days as president, <a href=\"https:\/\/www.bbc.co.uk\/news\/world-asia-59777757\">he granted a pardon to his predecessor<\/a>.<\/p>\n\n\n\n<p>Now eight months later, under another new president, Samsung&#8217;s chief has also received the same clemency.<\/p>\n\n\n\n<p>For those who have been fighting against corruption, it&#8217;s a dispiriting blow.<\/p>\n\n\n\n<p>&#8220;It is a setback. And it means Korea retreats to the time before the candlelit demonstrations,&#8221; said Sangin Park, an economics and industrial policy professor at Seoul National University.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC News: Samsung heir Lee Jae-yong &#8211; convicted of bribery and embezzlement in 2017 &#8211; has been granted a special presidential pardon. One of South Korea&#8217;s most powerful white collar criminals, Lee was twice imprisoned for bribing a former president. South Korea&#8217;s government justified the move, saying the de-facto leader of the country&#8217;s biggest company was needed back at the helm to spearhead economic recovery post-pandemic. This marks another swing in a struggle over how the country is run that has raged since mass protests took over Seoul six years ago and ousted a president from office. Lee&#8217;s crimes were&#8230; <\/p>\n","protected":false},"author":1,"featured_media":26447,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-26446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/26446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26446"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/26446\/revisions"}],"predecessor-version":[{"id":26448,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/26446\/revisions\/26448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/26447"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}