 "Samsung VC Jay Y Lee")
Samsung Electronics Co. Vice Chairman Jay Y. Lee had his right to work at the company restored by South Korea, opening the way for him to formally take the helm of the country’s largest conglomerate roiled by global demand and supply shocks.
South Korean President Yoon Suk Yeol has cleared the heir to the country’s biggest company of bribery charges, for which Lee spent 18 months in prison before his release on parole a year ago. Samsung’s shares rose 1.3% in Seoul on the news.
The move comes as the global economy faces successive shocks from rising inflation, market disruption
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