South Korean prosecutors seek to arrest Samsung heir

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South Korean prosecutors seek to arrest Samsung heir


South Korean prosecutors seek to arrest Samsung heir
- Prosecutors are seeking an arrest warrant for Samsung's heir apparent over allegations of bribery, perjury and embezzlement.The move against Samsung Electronics Vice Chairman Lee Jae-yong on Monday is part of an investigation into a massive political corruption scandal that has shaken South Korea's political and business elites.Lee is now set to appear Wednesday before a judge who will decide whether the arrest warrant is valid.If it is, the man tapped to head the country's biggest conglomerate will be taken into detention.
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South Korean Prosecutors Seek to Arrest Samsung Heir Lee Jae-yong


South Korean Prosecutors Seek to Arrest Samsung Heir Lee Jae-yong
- South Korean prosecutors sought an arrest warrant for the heir to Samsung, the country's biggest business empire, Monday on bribery and embezzlement allegations.The WSJ takes a look at who Lee Jae-yong is and how he got here.SEOUL—South Korean prosecutors sought an arrest warrant Monday for Lee Jae-yong, the heir to the Samsung conglomerate, ensnaring the leader of the world's largest smartphone maker in the country's widening corruption scandal.Mr. Lee's arrest warrant, accusing him of bribery, embezzlement and perjury, must be approved by a South Korean court, which is scheduled to convene on Wednesday.
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Samsung Heir Felt Pressured by South Korean Leader, Prosecutors Say


Samsung Heir Felt Pressured by South Korean Leader, Prosecutors Say
- SEOUL—Lee Jae-yong, the de facto head of the Samsung conglomerate, told investigators probing his alleged role in a corruption scandal that South Korean President Park Geun-hye coerced him into contributing funds to entities linked to a friend of the South Korean leader, according to prosecutors.Prosecutors made the remark during a news briefing Thursday, a few hours after a court declined to issue an arrest warrant for the scion of...
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In a Blow to Prosecutor, South Korean Court Blocks Arrest of Samsung Group Leader


In a Blow to Prosecutor, South Korean Court Blocks Arrest of Samsung Group Leader
- PhotoSEOUL, South Korea — A South Korean court on Thursday blocked a prosecutor's attempt to arrest Jay Y. Lee, the leader of Samsung, saying there was not enough evidence that Mr. Lee had bribed President Park Geun-hye, in a scandal that led to her impeachment.A justice on the Central District Court in Seoul, Cho Eui-yeon, rejected the prosecutor's request to issue an arrest warrant, saying said it was "difficult to recognize the need" to incarcerate Mr. Lee.Mr. Lee, a third-generation scion and vice chairman of Samsung, one of the world's biggest conglomerates, was immediately released from a detention center outside Seoul, where he had been waiting for the court to decide whether he should be formally arrested.South Koreans have paid keen attention to the fate of Mr. Lee.
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