Samsung’s Jay Y. Lee Receives Presidential Pardon

SEOUL—Samsung de facto leader Lee Jae-yong will receive a pardon on Monday, South Korea’s presidential office said, a legal reprieve backed by expectations that the business magnate will help drive the nation’s economy.

Mr. Lee, twice jailed for bribing South Korea’s former president, will have his criminal record expunged from his sentence in 2017. But the grandson of Samsung’s founder still has unresolved legal issues related to an accounting scandal that could land him back in prison if he is found guilty. Mr. Lee passing by Jay Y. Lee in the West, has denied wrongdoing.

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