Government pardons former Samsung chairman
Justice Minister Lee Kwi-nam announced the decision on the special pardon at a news conference yesterday. The pardon will take effect as of Thursday.
This August, Lee was sentenced to a three-year suspended jail term and was fined 110 billion won ($95.5 million) for illegal bond dealings. In October 2008, he was found guilty of tax evasion, and Lee then voluntarily rescinded his rights and duties as an IOC member.
Noting that sports diplomacy is crucial in Pyeongchang’s bidding for the Winter Games, the Blue House said yesterday that Lee was granted the special pardon.
Pyeongchang, Gangwon province, has already lost to Canada's Vancouver and Russia's Sochi in two previous attempts. It is now bidding once again to host the Winter Olympics in 2018.
By Ser Myo-ja, Staff Reporter [email@example.com]