SEOUL, Feb. 3 (Korea Bizwire) – South Korea’s special investigators appeared at the presidential office Cheong Wa Dae on Friday to execute a search warrant where President Park Geun-hye was named a bribery suspect in an influence-peddling scandal rocking the country. The investigation team looking into the alleged wrongdoings visited Cheong Wa Dae to secure [...]
SEOUL, Feb. 3 (Korea Bizwire) – Samsung Group, South Korea’s biggest business conglomerate, has not yet set a date for its annual recruitment, group officials said Friday, as the group’s top leadership has been under investigation amid a snowballing corruption scandal that led to the impeachment of President Park Geun-hye. Samsung Electronics Co. Vice Chairman [...]
SEOUL, Feb. 1 (Korea Bizwire) – Amid the ongoing political scandal that has been at the center of national attention for the past three months, a report by the Bank of Korea revealed that political uncertainties tend to pose negative effects mainly on consumption, capital investment, and the service industry. The BOK analyzed nine key [...]
SEOUL, Jan. 25 (Korea Bizwire) – Choi Soon-sil, the “female Rasputin” to President Park Geun-hye, who is facing an impeachment trial, screamed “injustice” as she entered the office building of the special investigation team for questioning in a rare public display of confidence. Choi has remained quiet at most of her public appearances, often with [...]
SEOUL, Jan. 24 (Korea Bizwire) – An exhibition in the lobby of the National Assembly building faced scrutiny Tuesday after it featured a parodied picture of Edouard Manet’s “Olympia”, with the faces altered to portray President Park Geun-hye and her confidante Choi Soon-sil. The exhibition was organized by Democratic Party lawmaker Pyo Chang-won, who has [...]
SEOUL, Jan. 23 (Korea Bizwire) – The special prosecution team probing the presidential scandal has a little over a month left, with the official investigation period set to expire on February 28. There have been a few setbacks for the prosecutors, namely the failed attempt at arresting Samsung vice chairman Lee Jae-yong, and supporters of [...]
SEOUL, Jan. 20 (Korea Bizwire) – To many Koreans’ disappointment, a South Korean court rejected on Thursday the arrest warrant for Samsung Vice Chairman Lee Jae-yong sought by the special prosecution team. But the news has now given courage to other conglomerates to finally express their desire that the prosecutors focus on what they believe [...]
SEOUL, Jan. 19 (Korea Bizwire) – A Seoul court on Thursday rejected an arrest warrant sought for Lee Jae-yong, Samsung Group’s de facto leader, dealing a blow to investigators who have been accelerating the probe into an influence-peddling scandal centered on President Park Geun-hye and her friend. On Monday, an independent counsel team looking into [...]
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 [...]
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 [...]