Samsung heir Lee Jae-yong has been freed from jail after a South Korean court suspended his five year jail term for bribing the country’s ex-president. An appeals court upheld parts of the conviction, but used its discretion to release the executive. South Korea’s supreme court is expected to appeal against the decision. The case gripped … Read more
Who is Moon Jae-in, South Korea’s likely new president? Moon celebrates after exit polls show him as the winner of South Korea’s presidential vote As the sounds of his supporters’ cheers filled Seoul’s air, celebrating a projected landslide victory in South Korea’s presidential election, Moon Moon Jae-in stepped on to a platform at his party’s … Read more
Opponents of South Korea’s ousted leader, Park Geun-hye, demanded on Saturday that she be arrested a day after she was thrown out of office over a corruption scandal involving the country’s conglomerates. Park’s critics said they would rally in central Seoul, where they have been gathering every weekend for months, while the former president’s conservative … Read more
South Korea’s Constitutional Court removed President Park Geun-hye from office on Friday over a graft scandal involving South Korea’s conglomerates at a time of rising tensions with North Korea and China. Park becomes South Korea’s first democratically elected leader to be forced from office, capping months of paralysis and turmoil as hundreds of thousands crammed … Read more
Samsung’s de facto head Lee Jae-Yong has gone on trial in South Korea on charges of bribery. The case is linked to a massive scandal that led to the impeachment of President Park Geun-hye. Samsung is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for … Read more
South Korea’s special prosecutor’s office said on Tuesday it will charge Samsung Group chief Jay Y. Lee and four other executives with bribery and embezzlement amid a political scandal that has rocked the country. Lee was arrested on Feb. 17 over his alleged role in the corruption scandal involving impeached President Park Geun-hye, dealing a … Read more
Samsung Group chief, Jay Y. Lee arrives at the office of the independent counsel team in Seoul South Korea’s special prosecutor’s office said on Tuesday it will charge Samsung Group scion Jay Y. Lee and four other executives with bribery, embezzlement and other offences on its last day of its investigation into a political scandal … Read more
South Korean special prosecutors investigating impeached President Park Geun-hye were denied permission to extend their probe and question her in person on Monday amid a graft scandal that threatens to topple her from office. The special prosecutor’s office will make its final indictments before its investigation into the scandal, which has engulfed the highest levels … Read more
The arrest of Samsung Group scion Jay Y. Lee on bribery charges could hamper decisions on strategic investments and acquisitions at the sprawling conglomerate, insiders and former executives say, even with strong leadership at its many businesses. Although business at flagship Samsung Electronics (005930. KS) is humming along, big calls will need to be made … Read more
A court in South Korea has approved the arrest of Samsung’s heir apparent Lee Jae-yong, accused of bribery and other charges. The case is linked to a scandal that led to the impeachment of the country’s President Park Geung-hye. Samsung is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of … Read more
A South Korean judge questioned Samsung Group leader Jay Y. Lee and another executive behind closed doors on Thursday to decide whether they should be arrested over their roles in a corruption scandal that has engulfed President Park Geun-hye. Dozens of protesters surrounded by riot police met Lee, 48, who was wearing a dark coat … Read more
Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor’s office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. The special prosecutor has focused on South Korea’s biggest conglomerate, accusing Lee in his capacity as Samsung chief of pledging 43 … Read more
Samsung chief Lee Jae-yong is being questioned for a second time as a suspect in South Korea’s biggest political corruption scandal. Prosecutors are expected to decide based on the hearing whether they will seek an arrest warrant for Mr Lee. The firm is accused of giving donations to non-profit foundations run by a confidante of … Read more
Samsung chief Lee Jae-yong has been questioned at the prosecutor’s office in Seoul as a suspect in South Korea’s biggest political corruption scandal. The firm is accused of giving donations to several non-profit foundations operated by Choi Soon-sil, a confidante of President Park Geun-hye. The donations were allegedly made in exchange for political support of … Read more