bribery Archives | Be Korea-savvy
Civic Groups Say He’s Guilty, Samsung Heir Lee Insists He’s Not a Bad Person

Civic Groups Say He’s Guilty, Samsung Heir Lee Insists He’s Not a Bad Person

SEOUL, Aug. 9 (Korea Bizwire) — One would think that the looming possibility of a double digit prison sentence would have the plaintiff arguing for one’s innocence. Instead, in what may well be the darkest hour of his life, Lee Jae Yong is pouring his heart out trying to convince people that he’s not a bad [...]

South Korea Bans Brazilian Chicken Over Rotten Meat Scandal

South Korea Bans Brazilian Chicken Over Rotten Meat Scandal

SEOUL, March 22 (Korea Bizwire) – Brazilian chicken has been taken off the shelves of three major supermarket chains in South Korea after controversy broke out surrounding rotten chicken meat imported from Brazil’s BRF, the world’s largest poultry exporter. Brazilian chicken accounts for 83 per cent of all imported poultry products in South Korea, with [...]

President Park Named as Bribery Suspect in Corruption Probe

President Park Named as Bribery Suspect in Corruption Probe

SEOUL, Feb. 28 (Korea Bizwire) – South Korea’s President Park Geun-hye was named a bribery suspect on Tuesday as special prosecutors wrapped up their three-month probe into a massive influence-peddling scandal. The probe team, led by Independent Counsel Park Young-soo, suspects that the president colluded with her longtime friend Choi Soon-sil and took bribes from [...]

Hermes Bags Are Talk of Town amid Nation-Rocking Scandal

Hermes Bags Are Talk of Town amid Nation-Rocking Scandal

SEOUL, Feb. 21 (Korea Bizwire) – Hermes handbags, despite their international reputation as an elegant luxury brand, are adding bitterness to their cachet in South Korea as they have been used as a “popular” item for bribes in high-profile political scandals.  Industry sources have widely suspected that either a Birkin bag or Kelly bag, two [...]

Samsung Heir Arrested on Bribery Charges in Corruption Probe

Samsung Heir Arrested on Bribery Charges in Corruption Probe

SEOUL, Feb. 17 (Korea Bizwire) – Lee Jae-yong, Samsung Group’s de facto leader, was formally arrested Friday on charges of bribery in connection with a high-profile corruption scandal surrounding President Park Geun-hye and her friend.  With the Seoul Central District Court issuing the arrest warrant, Lee, vice chairman of Samsung Electronics Co., became the first [...]

Samsung Heir Questioned Again over Bribery Allegations amid Scandal

Samsung Heir Questioned Again over Bribery Allegations amid Scandal

SEOUL, Feb. 13 (Korea Bizwire) – The de facto leader of Samsung, South Korea’s largest business group, was quizzed for a second time Monday on charges of bribery, as special prosecutors here accelerated their probe into an influence-peddling scandal centered on President Park Geun-hye.  Lee Jae-yong, vice chairman of Samsung Electronics Co., appeared before the [...]

Anti-Graft Law Spurs Witch-hunt for Potential Lawbreakers

Anti-Graft Law Spurs Witch-hunt for Potential Lawbreakers

SEOUL, Oct. 4 (Korea Bizwire) – It has been a week since a controversial anti-graft law took effect in Korea, quickly reshaping Korea’s gifting and dining culture. But the law is also breeding paparazzi, individuals who secretly monitor and hunt for activities that violate the law’s provisions.  These paparazzi are called “Ran-Parazzi”, after the legislation [...]

First Report of Anti-Graft Law Violation Goes to College Professor Receiving ‘Canned Coffee’

First Report of Anti-Graft Law Violation Goes to College Professor Receiving ‘Canned Coffee’

SEOUL, Sept. 29 (Korea Bizwire) – The very first report of a violation of Korea’s new anti-graft law came around noon on Wednesday, with an anonymous person reporting a “college student giving a professor a can of coffee”.  The controversial law had gone into effect starting Wednesday amid confusion and doubts over the law’s ambiguous [...]

First Day of Anti-Graft Law: Caution and Confusion

First Day of Anti-Graft Law: Caution and Confusion

SEOUL, Sept. 28 (Korea Bizwire) – Amid controversy and doubt, Korea’s new anti-graft law finally went into effect on Wednesday.  The law makes it illegal for public officials, journalists, and private school faculty members (and their spouses) to accept meals priced higher than 30,000 won (US$27), gifts exceeding 50,000 won, and congratulatory and condolence money [...]