South Korean president pardons jailed tycoon

August 13, 2015 8:24 AM

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South Korean president pardons jailed tycoon

[SEOUL] South Korean President Park Geun-Hye handed down a full pardon Thursday to the head of the country's third largest conglomerate who was serving his second jail term for multi-million dollar fraud.

SK Group chairman Chey Tae-Won was among 6,500 pardons announced by Ms Park to mark the 70th anniversary on Saturday of the end of Japanese colonial rule over Korea.

Also read: South Korea's President Park faces crucial week amid impeachment push

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