US-Korea Chamber of Commerce Urges "Release of Lee Jae-yong" (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Kim Suhwan] As President Moon Jae-in's visit to the United States begins, it has been revealed that the American Chamber of Commerce in Korea sent a letter to President Moon requesting the release of Samsung Electronics Vice Chairman Lee Jae-yong.

On the 20th, major foreign media outlets reported that they obtained the letter sent by the American Chamber of Commerce in Korea to President Moon. In the letter, the Chamber stated to President Moon that "pardoning the executive (Vice Chairman Lee Jae-yong), who plays the most important role at Samsung Electronics, could enhance the economic interests of both the United States and South Korea."

Composed of over 800 American companies, the American Chamber of Commerce in Korea explained that the letter had "no political purpose" and that the request for pardon was made solely from an economic perspective. The Chamber further added that as Vice Chairman Lee Jae-yong's detention prolongs, the risk of weakening South Korea's status as a strategic partner of the United States is increasing.

Meanwhile, President Moon Jae-in, who departed on the 19th for his U.S. visit, is scheduled to hold a summit with U.S. President Joe Biden at the White House on the 21st.

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