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SKorean government to pardon ex-Samsung chairman

SKorean government to pardon ex-Samsung chairman

Convicted ex-Samsung chairman Lee Kun-hee will be granted a special pardon to allow the influential business magnate to rejoin efforts to bring the Winter Olympics to South Korea, the government said Tuesday.
Lee, 67, stepped down in April 2008 after 20 years at the helm of the Samsung Group after being indicted in connection with losses at a Samsung affiliate and for tax evasion. He was cleared of culpability for the business losses but was fined in August and sentenced to a suspended three-year prison term for tax evasion.
Lee, who held a coveted spot on the International Olympics Committee, also voluntarily gave up his rights and duties as an IOC member in the wake of the indictments.
The government decided to pardon Lee to allow him to resume his role lobbying to bring the 2018 Winter Olympics to Pyeongchang, a mountain resort east of Seoul.
"The nation's business and sports circles have demanded a special pardon for former chairman Lee, citing the need to boost Pyeongchang's ongoing bid for the 2018 Winter Olympics," Justice Minister Lee Kwi-nam told a news conference.
He said the pardon takes effect Thursday.
The bid is the Asian nation's third to host the Winter Games.


Updated : 2020-12-04 17:11 GMT+08:00