South Korean president-Samsung corruption update

This video from South Korea says about itself:

24 February 2017

Samsung has declined to confirm South Korean media reports that two senior executives have offered to resign.

They are suspects in a corruption investigation that led to the company’s leader being arrested last week.

Al Jazeera’s Harry Fawcett reports from Seoul.

From daily The Morning Star in Britain:

South Korea: Samsung bigwig on bribery charge

Wednesday 1st March 2017

SOUTH KOREAN prosecutors charged Samsung’s vice-chairman with bribery, embezzlement and other crimes yesterday linked to the scandal surrounding disgraced President Park Geun Hye.

They said Lee Jae Yong gave bribes worth £29 million to Ms Park and her confidante Choi Soon Sil to help win government support for a smooth leadership takeover from his ailing father.

Mr Lee, who was arrested on February 17, also allegedly hid assets overseas, concealed proceeds from criminal activities and committed perjury.

He is the biggest name yet to be charged over allegations that the suspended president’s confidante dictated government policy and wrung tens of millions in bogus charity donations from corporate giants.

It follows a three-month probe by a prosecution team that ended yesterday after the country’s acting leader, Prime Minister Hwang Kyo Ahn, refused a request for an extension.

Prosecutors also said they planned to indict four more top Samsung executives, key figures at the powerful yet secretive Samsung corporate strategy office, which wielded influence over dozens of subsidiaries and allegedly orchestrated the payments to Ms Choi.

Mr Lee promised in December to disband the office staffed by family cronies who helped ensure the transition of power.

Shortly after the announcement, Samsung said the four would resign from their jobs and leave the electronics giant.

But it did not mention Mr Lee, implying the Samsung heir would keep his job and a seat on the Samsung Electronics board while he faces trial.

FORMER HEAD OF SAMSUNG SENTENCED IN SOUTH KOREAN CORRUPTION SCANDAL Jay Y. Lee will be jailed for five years for bribery. [Reuters]

WORKERS at the South Korean broadcaster MBC go on strike from Monday joining 1,130 KBS producers who stopped working on Thursday. They are calling for the network’s top management to step down for allegedly influencing news coverage to be in favour of former president Park Geun Hye’s administration. Among the allegations are that MBC workers were forced to cut scenes of Sewol ferry disaster victims’ families sobbing: here.

EX-PRESIDENT Park Geun Hye’s confidante Choi Soon Sil was jailed today for 20 years for bribery, abuse of power and other crimes. Seoul’s Central District Court also sentenced the chairman of the Lotte Group, South Korea’s fifth-largest conglomerate, to two-and-a-half years in prison for bribery in the same case: here.

12 thoughts on “South Korean president-Samsung corruption update

  1. Corruption trial looms for Park

    SOUTH KOREA: Disgraced ex-president Park Geun Hye will be indicted early next week and face trial for corruption, prosecutors said yesterday.

    She has been held at a detention centre near Seoul since being arrested late last month on suspicion of extorting money from businesses and taking bribes in collaboration with a confidante.

    Prosecutors can detain Ms Park until Wednesday without charging her.


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  6. Saturday 26th August 2017

    SAMSUNG heir Lee Jae Yong showed no emotion yesterday as he was sentenced to five years in prison for bribing impeached president Park Geun Hye.

    The Seoul Central District Court said the billionaire vice-chairman and grandson of the company’s founder was guilty of offering bribes to Ms Park and her confidant Choi Soon Sil.

    The bribes were in return for government support for efforts to cement Mr Lee’s control over the Samsung empire.

    The tribunal also found him guilty of embezzling Samsung funds, hiding assets overseas, concealing profit gained from criminal acts and perjury.

    “The essence of the case is unethical collusion between political power and capital,” a court statement said.

    Mr Lee’s misdeed had led the public to fundamentally question the public nature of the president’s work and to have “mistrust in the morality of the Samsung group,” the statement continued.

    Outside the court, Samsung barrister Song Woo Cheo vowed to appeal against the verdict.

    The Korea Employers’ Federation refrained from criticising the verdict but claimed Mr Lee’s absence from Samsung would damage the country’s economy.

    “Samsung Electronics represents South Korea as a global company, so we are deeply worried about the fallout from his long absence,” said a federation spokesman.

    “It will be a disaster not just to an individual company but to the nation’s economy.”

    Civic groups welcomed the guilty verdict but said the penalty was too lenient, backing prosecutors’ demands for a 12-year sentence.

    South Korean President Moon Jae In’s spokesman Yoon Young Chan welcomed the verdict, adding: “We hope that it would pave the way to end persistent government-business collusion, which has hampered society from moving forward.”


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