Lee Jae-yong is prohibited from being employed by the Korean government. What kind of mistake did he make?

According to KBS News, South Korea's Ministry of Justice issued a penalty notice to Lee Jae-yong, vice president of Samsung Electronics and head of Samsung Group, to restrict employment for five years after serving his sentence. Lee Jae-yong will serve his sentence in July 2022, which means that Lee Jae-yong will not accept the management affairs of Samsung Group again until the second half of 2027 at the earliest.

Of course, some legal persons said that Lee Jae-yong could apply to the Ministry of Justice alone, and it is possible to contact employment restrictions in advance. This year, Lee Jae-yong was sentenced to two and a half years in prison for accepting bribes, and was put back to prison in court. The court found that Lee Jae-yong paid 8.68 billion won (about 56.5438 million yuan) to park geun-hye and his cronies, Cui Shunshi, in exchange for the government's support to inherit the management right of Samsung Group.

According to South Korea's Law on Aggravated Punishment of Economic Crimes, those who commit corruption or dereliction of duty and the amount of the crime exceeds 500 million won (about 29 1 0,000 yuan) will be restricted from employment for five years from the date when the fixed-term imprisonment is completed or they decide not to execute it. Restricted areas include institutions wholly or partially funded by the central government, institutions receiving government funding or subsidies, and enterprises closely related to criminal acts.

South Korea's Ministry of Justice issued a penalty notice to Lee Jae-yong, vice president of Samsung Electronics, who was sentenced to two years and six months' imprisonment for his cronies. According to the provisions of the Law on Aggravated Punishment of Economic Crimes, those who commit the crime of corruption or dereliction of duty and the amount of the crime exceeds 500 million won (about 3 million yuan) shall be restricted from employment within five years from the date of completion of the execution of fixed-term imprisonment or decision not to execute it. Restricted areas include institutions wholly or partially funded by Korean central and local governments, institutions receiving government funding or subsidies, and enterprises closely related to criminal acts.

Up to now, Samsung has not made any comment on the employment restriction notice issued by the Korean Ministry of Justice to Lee Jae-yong. Korean media pointed out that since the scope of employment prohibition includes enterprises closely related to criminal acts, that is to say, even if Lee Jae-yong is released from prison in July next year, he will not be able to return to his business post until the second half of 2027; At the same time, I may have to resign as the vice president of Samsung Electronics. Although as a major shareholder, you can indirectly participate in the company's operation, but you can't directly participate in the law; Therefore, it will have an impact on the decision of Samsung Electronics.

However, some business people pointed out that this employment restriction is limited to new jobs and will not affect existing positions or identities. Some media also pointed out that the state's restrictions on the employment of private enterprise operators are suspected of violating the constitutional right to freedom of employment.

In addition, on June 5438+05, Lee Jae-yong ended his four-week isolation in Seoul Prison, Wangyi City, Gyeonggi Province, and was transferred to an ordinary prison to serve his sentence, where he could be visited by outsiders, including lawyers and relatives. Previously, only Lee Jae-yong's lawyers could visit him briefly. Therefore, the Korean financial community believes that considering that Lee Jae-yong can welcome external visitors, it is expected that the major business decisions of Samsung Electronics may be further accelerated.