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Explainer: How Samsung is linked to the South Korean presidential scandal
- What links Samsung, an $830,000 (£683,000( horse, and the South Korean national pension fund?They're just some of the ingredients in a huge, surreal presidential scandal rocking South Korea.Choi Soon-sil, an aide of president Park Geun-hye, has been accused of shaking down businesses to enrich themselves via a slush fund, with the assistance of president Park — whose future is now in doubt.The evolving scandal has shaken the country, and Samsung, South Korea's largest company, is bring dragged in.
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Samsung leader named a suspect in South Korea political probe
- Reuters InternationalSamsung Electronics vice chairman Jay Y. Lee arrives to attend a hearing at the National Assembly in Seoul, South Korea, December 6, 2016.REUTERS/Kim Hong-JiBy Se Young Lee and Ju-min ParkSEOUL (Reuters) - A South Korean special prosecutor's office will question Samsung Group leader Jay Y. Lee as a suspect in a widening influence-peddling scandal that may force President Park Geun-hye from office.Prosecutors have been looking into whether Samsung payments of about 30 billion won ($25 million) for a business and foundations backed by Park's friend, Choi Soon-sil, were connected to a 2015 decision by the national pension fund to back a controversial merger of two group affiliates.Park could become South Korea's first democratically elected leader to leave office early after parliament voted in December to impeach her over the corruption scandal, which has triggered big weekly rallies calling for her to step down.
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Samsung Leader Is Named a Suspect in South Korean Bribery Inquiry
- PhotoSEOUL, South Korea — A special prosecutor investigating the corruption scandal that led to President Park Geun-hye's impeachment summoned the de facto head of Samsung for questioning on Wednesday, calling him a bribery suspect.The de facto leader, Jay Y. Lee, the vice chairman of Samsung, will be questioned on Thursday, according to the special prosecutor's office, which recommended that he also be investigated on suspicion of perjury.Mr. Lee effectively runs Samsung, South Korea's largest conglomerate; he is the son of its chairman, Lee Kun-hee, who has been incapacitated with health problems.He is expected to be asked whether multimillion-dollar donations that Samsung made to two foundations controlled by Choi Soon-sil, a longtime friend of the president, amounted to bribes, and what role, if any, he played in the decision to give the money.
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