Samsung heir Lee Jae-yong released from prison on appeal
Samsung Electronics Vice Chairman Lee Jae-yong, also known as Jay Y. Lee in the West, has been released from prison after a successful appeal. Lee had been sentenced to five years back in August after being found guilty of perjury, embezzlement, and bribery by a three-judge panel of Seoul Central District Court. In addition to receiving a suspended prison sentence today, Lee’s prison term was reduced to two-and-a-half years, though he’s free to go on four years probation, according to Bloomberg.
Lee is the son of infamous Lee Kun-hee, the incapacitated chairman of the Samsung Group, and presumed heir to the throne. However, due to a tradition of filial piety, the role of chairman may not pass down to Lee Jae-yong until his father…