Yoon pardons business tycoons to spur 'economic recovery'
TUESDAY, AUGUST 15, 2023
President Yoon Suk Yeol carried out special presidential pardons on Monday for 2,176 individuals, including 12 prominent business tycoons, ahead of the Liberation Day holiday that falls on Aug. 15, on the premise of reviving the economy.
THREE of Asia’s wealthiest tycoons are stepping down from the empires they built, and investors shouldn’t assume their scions will carry the torch as effectively.