SEOUL, June 2 — Leaders of South Korea’s largest conglomerates urged President Moon Jae-in today to pardon Jay Y. Lee, the jailed vice chairman of Samsung Electronics Co Ltd, to maintain the country’s edge in the chip industry.
SK Group chairman Chey Tae-won asked Moon to consider a petition for Lee’s release that was submitted in April jointly by five business lobbies including the Korea Chamber of Commerce and Industry headed by Chey, according to Moon’s spokeswoman Park Kyung-mee. Legal experts believe Lee is eligible for parole, as he has served more than half of his 30-month sentence. South Korean law allows parole to be granted after one-third of the sentence has been served, with the detainee showing exemplary behaviour.
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