SEOUL, Feb. 14 (Korea Bizwire) – Special prosecutors on Tuesday sought the arrest of the de facto leader of Samsung Group on charges of bribery in relation to impeached President Park Geun-hye, after their first attempt was rejected by a local court last month. The investigation team, led by Independent Counsel Park Young-soo, in January [...]
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 [...]
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 [...]
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 [...]
SEOUL, Dec. 8 (Korea Bizwire) – The biggest beneficiary of Tuesday’s parliamentary hearing of eight Korean conglomerate chiefs into the Choi Soon-sil scandal was neither the investigative parliamentary committee, nor the prosecutors; it was Softlips, a lip balm lineup from American health care products maker The Mentholatum Company. The lip balm was brought to attention [...]
SEOUL, Dec. 6 (Korea Bizwire) – Lee Jae-yong, vice chairman of Samsung Electronics and the heir-apparent of Samsung Group, appeared Tuesday at a parliamentary hearing into the involvement of Korean conglomerates in the corruption and influence-peddling scandal surrounding President Park Geun-hye and her confidante Choi Soon-sil. Lee was one of eight Korean business tycoons (chiefs [...]
SEOUL, Oct. 27 (Korea Bizwire) – Shareholders of Samsung Electronics Co. on Thursday approved the nomination of Vice Chairman Lee Jae-yong to the electronics giant’s board of directors. The approval enables the 48-year-old Lee, the only son of the ailing Samsung Electronics Chairman Lee Kun-hee, to more actively participate and take formal responsibility in the [...]