Seoul (CNN Business) Samsung's vice chairman — and de facto leader — Lee Jae-yong is to be released on parole this week, South Korea's Justice Ministry said on Monday. Lee, also known as Jay Y. Lee, was sentenced to two and a half years behind bars in January after the Seoul High Court found him guilty of embezzlement and bribery. He will now be released on August 13, the country's justice minister announced in a televised briefing. Minister Park Beom-kye said that Lee is among 810 other prisoners who have been granted parole on the occasion of the country's Liberation Day, which marks the liberation of Korea from Japanese imperial rule in 1945. Last year, more than 600 prisoners were released on Liberation Day.

Source: CNN August 09, 2021 11:48 UTC