Lee Jae-yong to be released on parole today with 'employment restrictions and probation maintained'... Lee Joong-geun and Kang Man-soo also released

[Asia Economy Reporter Kim Hyung-min] Lee Jae-yong, Vice Chairman of Samsung Electronics, who was sentenced to prison for the 'state affairs manipulation' case, will be released on parole today, the 13th, ahead of Liberation Day.

Vice Chairman Lee will be released at 10 a.m. from Seoul Detention Center. It has been 207 days since he was re-incarcerated on January 18 after being sentenced to 2 years and 6 months in prison in the retrial of the state affairs manipulation case.

According to related laws, Vice Chairman Lee will be under probation during the parole period. He must report to a probation officer if he changes his residence or travels domestically or abroad for more than one month.

The employment restriction regulation will also remain in effect for now. Under the Act on the Aggravated Punishment of Specific Economic Crimes, if a person commits embezzlement or breach of trust involving 500 million won or more, employment is restricted for five years from the date the prison sentence execution ends or is confirmed not to be executed.

In the business community, there are demands to lift the employment restriction for Vice Chairman Lee to facilitate smooth management activities, but Park Beom-gye, Minister of Justice, has repeatedly stated that "there is no consideration" to do so.

Earlier, the Ministry of Justice decided on Vice Chairman Lee’s parole considering the prolonged spread of COVID-19, the national economic situation, and the global economic environment.

Although Vice Chairman Lee is being released, he must continue to appear in court as he is also facing separate trials for unfair mergers, accounting fraud, and illegal administration of propofol.

Not only Vice Chairman Lee, but also Lee Joong-geun, Chairman of Booyoung Group, who has been serving time for large-scale embezzlement and breach of trust, and Kang Man-soo, former president of the Korea Development Bank, who was sentenced to prison for allegations including 'special favors to an acquaintance’s company,' will be released today.

This content was produced with the assistance of AI translation services.