Wednesday, 1 February, 2023

Lee Jae-yong: Samsung appoints convicted heir to top job

South Korean electronics giant Samsung has named convicted heir and de facto boss Lee Jae-yong as its executive chairman.

The symbolic move means the world's biggest smartphone maker will now be officially run by the third generation of its founding family.

Mr Lee, who was convicted of bribery and embezzlement in 2017, was granted a special presidential pardon in August.

He was imprisoned twice for bribing a former president.

In August last year, Mr Lee was released from a South Korean prison on parole after serving 207 days in jail.

It was just over half the sentence he received after being convicted in January.A year later, he was pardoned by new President Yoon Suk-yeol.