Samsung’s de facto leader, Lee Jae-yong, will be released from prison on parole later this week, though it remains unclear how—or if—he can return to work right away at South Korea’s largest conglomerate. As part of that transition, Mr. Lee and his family owe roughly $10 billion in estate taxes. Mr. Lee was released from prison in February 2018 by an appeals court judge who lightened the original punishment. But even after being twice imprisoned and twice released, Mr. Lee is still not in the clear. The sway that Mr. Lee wields across South Korea’s corporate behemoth has fueled the arguments both for and against his parole.

Source: Mint August 09, 2021 11:48 UTC