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Volkswagen Exec Visits Seoul Prosecutors’ Office, Apologizes

Volkswagen Exec Visits Seoul Prosecutors’ Office, Apologizes

SEOUL, Jan. 18 (Korea Bizwire) – A senior executive of German carmaker Volkswagen visited Seoul prosecutions’ office on Wednesday and apologized to South Korean customers for the emissions scandal surrounding some of its vehicles.  Francisco Javier Garcia Sanz, a member of Volkswagen AG’s Board of Management, visited the Seoul Central District Prosecutors’ Office to discuss [...]

“Saddest Record Store in the World” Closes Seven Months after Extremist Attack

“Saddest Record Store in the World” Closes Seven Months after Extremist Attack

ISTANBUL, Jan. 17 (Korea Bizwire) – Velvet Indieground, a record shop in Istanbul run by a Korean expat, has closed. The store figured prominently in the media after what an extreme Islamist attack on June 17 of last year, when a handful of Turkish individuals entered the premises, assaulted customers with metal and wooden clubs, [...]

Samsung Chief Faces Arrest Warrant for Involvement in Corruption Scandal

Samsung Chief Faces Arrest Warrant for Involvement in Corruption Scandal

SEOUL, Jan. 16 (Korea Bizwire) – The special team of prosecutors probing the corruption scandal surrounding President Park Geun-hye has requested an arrest warrant for Lee Jae-yong, the vice chairman and de facto leader of Samsung Group, on charges of bribery, embezzlement, and perjury.  This marks the first time that officials have issued a warrant [...]

Samsung Heir Questioned as Bribery Suspect in Influence-Peddling Scandal

Samsung Heir Questioned as Bribery Suspect in Influence-Peddling Scandal

SEOUL, Jan. 12 (Korea Bizwire) – Samsung’s heir apparent was questioned by investigators as a bribery suspect Thursday as special investigators in Seoul accelerated their probe into the influence-peddling scandal centered on President Park Geun-hye and her friend.  Lee Jae-yong, vice chairman of Samsung Electronics Co., appeared before the investigation team’s office in southern Seoul [...]

Samsung Heir Summoned as Suspect in Bribery Probe

Samsung Heir Summoned as Suspect in Bribery Probe

SEOUL, Jan. 11 (Korea Bizwire) – A special investigation team looking into an influence-peddling scandal centered on President Park Geun-hye and her longtime friend has summoned Samsung’s heir apparent over allegations the group gave undue financial support to the confidante in return for business-related favors, its spokesman said Wednesday.  Lee Jae-yong, vice chairman of Samsung [...]