Search for

No matches. Check your spelling and try again, or tryaltering your search terms for better results.

situation report

Feb 17, 2017 | 02:31 GMT

South Korea: Samsung Heir Arrested

The vice chairman of Samsung Electronics, Lee Jae-Yong, was arrested Feb. 17 as part of the investigation into corruption and influence-peddling accusations that led to the impeachment of South Korean President Park Geun-Hye, AFP and Yonhap reported. Lee, the son of the Samsung chief Lee Kun-Hee, stands accused of doling out some $40 million in bribes to Park’s confidante in exchange for policy favors. He was nearly arrested a month ago, but a court ruled then that prosecutors had insufficient evidence. Samsung is South Korea’s largest business conglomerate, with revenue equivalent to around 20 percent of the country’s GDP.
Stratfor
YOU'RE READING
South Korea: Samsung Heir Arrested
CONNECTED CONTENT
2 Topics |  1 Geo 
SHARE & SAVE

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.

GET THE MOBILE APPApp Store
Google Play