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South Korea's business leaders call on Moon to free jailed Samsung boss Lee


South Korea s business leaders call on Moon to free jailed Samsung boss Lee
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South Korea s business leaders call on Moon to free jailed Samsung boss Lee
FILE PHOTO: Samsung Group heir Jay Y. Lee arrives at a court in Seoul, South Korea, November 9, 2020. REUTERS/Kim Hong-Ji/File Photo
02 Jun 2021 05:02PM
(Updated:
02 Jun 2021 05:10PM)
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SEOUL: Leaders of South Korea s largest conglomerates urged President Moon Jae-in on Wednesday (Jun 2) to pardon Jay Y Lee, the jailed vice chairman of Samsung Electronics, to maintain the country s edge in the chip industry.
The plea was made during a luncheon between Moon and chiefs of four major business empires - Samsung, Hyundai, LG and SK - designed to boost economic cooperation after Moon and US President Joe Biden agreed to bolster the global supply chain for high-tech manufacturing. ....

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Korea's business leaders call on Moon to free jailed Samsung boss Lee

By Hyonhee Shin and Joyce Lee SEOUL (Reuters) -Leaders of South Korea s largest conglomerates urged President Moon Jae-in on Wednesday to pardon Jay Y. Lee, the jailed vice chairman of Samsung Electronics Co Ltd, to maintain the country s edge in the chip industry. The plea was made during a luncheon between Moon and chiefs of four major business empires - Samsung, Hyundai, LG and SK - designed to boost economic cooperation after Moon and U.S. President Joe Biden agreed to bolster the global supply chain for high-tech manufacturing. Lee, the 52-year-old heir of the world s biggest memory chip maker and second-largest contract chip manufacturer, has been sentenced to 30 months in prison after being convicted of bribery, embezzlement and other offences. SK Group chairman Chey Tae-won asked Moon to consider a petition for Lee s release that was submitted in April jointly by five business lobbies including the Korea Chamber of Commerce and Industry headed by Chey, according to Moon s spoke ....

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