[THE INVESTOR] The Ministry of Strategy and Finance has not recommended any businessperson for the presidential pardon, Deputy Prime Minister for economic affairs Yoo Il-ho said on July 15.

Speaking to reporters at an industrial complex in South Jeolla Province, Yoo said that the president will decide the issue, and that the matter is not at a stage in which the Finance Ministry could make recommendations. 


“The president will make a decision on pardoning businesspeople after she takes stock of the situation,” he said. He added that the recommendations are made by the Ministry of Justice, and that the Finance Ministry has received no requests for suggestions.

“Pardoning businesspeople will have positive effects on the economy, but pardons cannot be (issued) too much as these people are being penalized for something (wrong) they did.”

By Choi He-suk (cheesuk@heraldcorp.com)