Choi Soon-sil, a close friend of South Korea’s former President Park Geun-hye, has been jailed for three years for corruption.
Her conviction for soliciting favors for her daughter is the first in a wide-reaching influence-peddling scandal which brought down President Park Geun-hye.
She also faces charges that she accepted bribes for Park Geun-hye.
Park Geun-hye has denied all allegations of corruption.
Choi Soon-sil was found guilty of using her position to influence officials at a university to admit her daughter, Chung Yoo-ra, as well as give her daughter grades for papers or exams she never took.
Image source Getty Images
According to the Yonhap news agency, the court stated in its verdict that “she committed too much wrongdoing to consider the actions were out of love as a mother who wants the best for her child”.
Two former officials at the prestigious Ewha Womans University in Seoul have also been jailed for colluding with Choi Soon-sil.
Choi Soon-sil still faces other charges including abuse of authority, coercion, attempted coercion and attempted fraud.
Prosecutors say Chung Yoo-ra, a 21-year-old award-winning dressage rider, was involved in economic crimes, exam fraud, obstructing business and concealing criminal proceeds.
She has denied all these accusations and said she had no knowledge of her mother’s dealings, including those with Park Geun-hye.
She is currently not in detention in Seoul. On June 20, a local court said there was no need to detain her and refused the prosecution’s request for an arrest warrant.
Choi Soon-sil is on trial accused of using her presidential connections to pressure companies to give millions of dollars in donations to two non-profit foundations she controlled.
In exchange, it is alleged they received preferential treatment from the government.
Park Geun-hye is alleged to have been personally involved, instructing Choi Soon-sil and two presidential aides to collect money for the launch of the foundations.
The claims have swept up some of South Korea’s biggest companies, including electronics giant Samsung.
Samsung VP Lee Jae-yong is on trial. Several other Samsung executives and former presidential aides are also either facing trial or are under investigation.
Choi Soon-sil is also accused of having received confidential government documents from Park Geun-hye.
Park Geun-hye was arrested in April and preliminary hearings began in May.
The former leader has previously admitted to some lapses, such as consulting Choi Soon-sil for advice and letting her edit presidential speeches, and has apologized for them.
The maximum sentence for corruption in South Korea is life.
Park Geun-hye is accused of colluding with her friend, Choi Soon-sil, to extort money from some of South Korea’s biggest companies, including Samsung, in return for political favors.
Image source kremlin.ru
Choi Soon-sil, who is also facing charges, sat alongside Park Geun-hye at the opening of the trial. She also denies wrongdoing.
As the trial opened in Seoul, Park Geun-hye’s lawyers said there was “no reason for President Park to force companies to donate money which she was unable to use for herself”.
Prosecutors say she allowed Choi Soon-sil to use her presidential connections to pressure companies to give money to a foundation she established, earning them tens of millions of dollars.
In exchange, the companies would receive favorable treatment from the government, it is alleged.
Park Geun-hye is also accused of leaking state secrets by giving Choi Soon-sil access to her work – including asking her to edit her speeches – and of running a blacklist of media figures who were to be barred from receiving state support because they had been critical of her government.
The ousted president is the third South Korean leader on trial for corruption but the first democratically elected one.
The two previous cases involved former military dictators imprisoned on corruption in the 1990s.
Park Geun-hye’s hearing takes place in the very same court room as the previous trials.
Dozens of people have now been investigated or arrested in connection with the scandal. All have maintained their innocence.
Choi Soon-sil has been on trial since December, while her daughter, Chung Yoo-ra – alleged to have received help getting a university placement – was arrested in Denmark in January.
The acting head of Samsung Group, Lee Jae-Yong, and four other Samsung executive are on trial for allegedly giving bribes to Park Geun-hye and Choi Soon-sil in exchange for government support for a controversial merger.
Former health minister Moon Hyung-pyo and the chief investment officer of the National Pension Service (NPS) Hong Wan-seon are on trial for allegedly pressuring the NPS to accept the merger.
Last week, two plastic surgeons who treated the image-conscious former president – including one who injected Park Geun-hye with human placenta extracts – were convicted of lying about having treated her.
Samsung VP Lee Jae-yong has gone on trial in South Korea for his alleged role in a corruption scandal that led to the ousting of President Park Geun-hye.
Prosecutors say Lee Jae-yong gave 43 billion Korean won ($38 million) to President Park Guen-hye’s friend, Choi Soon-sil, for political favors.
Park Geun-hye is suspected of colluding with Choi Soon-sil to get conglomerates to donate to Choi’s foundations.
The ousted president was arrested last week, after being impeached, and sent to a detention centre, although she has not yet been formally charged.
Image source Reuters
Lee Jae-yong, who appeared in court in handcuffs, has denied the bribery allegations, saying Samsung was coerced into handing over the funds.
Another four Samsung executives have also appeared in court in connection with the scandal. They also deny the accusations.
Lee Jae-yong’s case is “one of the most deep-rooted and typical cases involving unhealthy relations between politicians and businessmen,” said Special Prosecutor Park Young-Soo in his opening statement in Seoul’s Central District Court.
The 48-year-old vice-chairman of Samsung Electronics has been the parent company Samsung Group’s de facto head since his father Lee Kun-hee suffered a heart attack in 2014.
On April 7, the chairman of the powerful Lotte conglomerate, Shin Dong-bin, was also being questioned by prosecutors in connection with the widening corruption probe.
They are investigating whether donations given by Lotte to foundations allegedly controlled by Choi Soon-sil were bribes connected to the firm’s bid for a lucrative duty-free business.
The Seoul Central District Court earlier issued a warrant to detain Park Geun-hye while she is investigated on charges of bribery, abuse of authority, coercion and leaking government secrets.
Image source Wikimedia
It followed a nearly nine-hour court hearing on March 30 that Park Geun-hye attended.
The court said in a statement: “It is justifiable and necessary to arrest [Park Geun-hye] as key charges were justified and there is risk of evidence being destroyed.”
Live TV footage showed a black sedan carrying her to the detention facility from the prosecutor’s office where she had been waiting.
Despite the early hour, some 50 supporters, waving national flags and demanding her release, were at the gate to greet her, the AFP reports.
Park Geun-hye can be held for up to 20 days before being formally charged.
If convicted the former president could face more than 10 years in prison.
Park Geun-hye lost her presidential immunity and was dismissed from her post when the constitutional court upheld a decision by parliament in December to impeach her.
Park Geun-hye is alleged to have been personally involved in this, and to have given Choi Soon-sil unacceptable levels of access to official documents.
Judges had said Park Geun-hye had broken the law by allowing Choi Soon-sil to meddle in state affairs, and had breached guidelines on official secrets by leaking numerous documents.
Choi Soon-sil and Samsung’s acting head Lee Jae-yong, also involved in the scandal, are being held in the same detention centre to where Park Geun-hye has been sent. They are also being tried separately.
Hwang Kyo-ahn, who is loyal to Park Geun-hye, is now the acting president and an election is to be held by May 9.
She is accused of allowing her close friend Choi Soon-sil to allegedly extort money from big companies.
Park Geun-hye, 65, has denied the allegations.
She apologized to the public last week, before being questioned by authorities for 14 hours.
On March 27, South Korean prosecutors said in statement: “The case is very grave as the suspect has demonstrated acts of abuse of power by making companies give money and infringing on the freedom of corporate management by using powerful position and authority as president.”
They argue that evidence like computer hard drives might be destroyed if Park Geun-hye is not arrested.
Image source Wikimedia
Choi Soon-sil has been charged with bribery and corruption and is already on trial.
She is accused of using her presidential connections to pressure companies to give millions of dollars in donations to non-profit foundations she controlled.
Lee Jae-yong, the acting head of electronics conglomerate Samsung, was arrested for his role in the scandal.
Parliament voted to impeach Park Geun-hye in December 2016.
On March 10, the constitutional court ruled that Park Geun-hye’s actions “seriously impaired the spirit of… democracy and the rule of law”.
Judges said the president had broken the law by allowing Choi Soon-sil to meddle in state affairs, and had breached guidelines on official secrets by leaking numerous documents.
Park Geun-hye had “concealed completely Choi’s meddling in state affairs and denied it whenever suspicions over the act emerged and even criticized those who raised the suspicions,” the ruling said.
The Seoul Central District Court will now determine whether there are grounds to issue the arrest warrant for Park Geun-hye.
If it is issued, prosecutors will have up to 20 days to continue investigations and file charges against her, Reuters reports.
The ousted leader could be charged for allegedly allowing close friend Choi Soon-sil to extort money from large companies.
Choi Soon-sil has been charged with bribery and corruption.
On March 21, Park Geun-hye’s supporters gathered outside her home in an affluent suburb of Seoul, as she was escorted by police to the prosecutors’ office in a short journey covered live on TV.
People waved the South Korean flag, a symbol of the pro-Park movement.
Image source Wikimedia
“I am sorry to the people. I will faithfully cooperate with questioning,” Park Geun-hye told the media when she arrived.
Thousands of people celebrated in Seoul after Park Geun-hye’s removal from office on March 10. However, there were also angry protests by her supporters outside the Constitutional Court.
The court ruling was the culmination of months of political turmoil and public protest. An election now will be held by May 9.
PM Hwang Kyo-ahn, who is loyal to Park Geun-hye, is now the acting president.
At the heart of the drama lies the close friendship between Park Geun-hye and Choi Soon-sil.
Choi Soon-sil is accused of using her presidential connections to pressure companies to give millions of dollars in donations to non-profit foundations she controlled.
Park Geun-hye is alleged to have been personally involved in this, and to have given Choi Soon-sil unacceptable levels of access to official documents.
On March 10, the Constitutional Court ruled that Park Geun-hye’s actions “seriously impaired the spirit of… democracy and the rule of law”.
Judges said she had broken the law by allowing Choi Soon-sil to meddle in state affairs, and had breached guidelines on official secrets by leaking numerous documents.
Park Geun-hye had “concealed completely Choi’s meddling in state affairs and denied it whenever suspicions over the act emerged and even criticized those who raised the suspicions,” the ruling said.
Prosecutors are now questioning Park Geun-hye in what could be a lengthy days-long process.
They had previously accused Park Geun-hye of colluding with Choi Soon-sil, which the former president has strenuously denied. She had also previously refused to take part in investigations.
After losing her presidential immunity, Park Geun-hye could be charged for abuse of power and coercion to bribery.
South Korean animal rights groups have accused impeached President Park Geun-hye of abandoning her dogs when she left the presidential palace.
The row comes as Park Geun-hye was called for questioning and named as a suspect in the wide-ranging corruption scandal that eventually led to her downfall.
South Korea will hold its presidential election on May 9.
Park Geun-hye is South Korea’s first democratically elected leader to be ousted.
Over the weekend she left the presidential palace, known as the Cheong Wa Dae, and moved into her house in an affluent district of Seoul.
Park Geun-hye’s nine Jindo dogs were not among the entourage that accompanied her.
The Busan Korea Alliance for the Prevention of Cruelty to Animals (Busan KAPCA) noted the impeached president could have violated animal protection laws by leaving the dogs behind.
Image source BarkPost
The group, along with the Coexistence of Animal Rights on Earth (CARE), claimed Park Geun-hye had abandoned her pets, and both organizations offered to find new homes for the dogs.
A Cheong Wa Dae spokesman denied Park Geun-hye had abandoned her dogs, and told Reuters that they were left at the palace partly because it would not be good for them to be uprooted from their home.
“She told… staff to take good care of the dogs and to find good foster homes for the puppies if necessary,” said the spokesman.
Park Geun-hye was known to be fond of her pets, which had been dubbed the country’s “First Dogs,” the Korea Times reported.
When Park Geun-hye was inaugurated as president in 2013, she moved into Cheong Wa Dae with a pair of Jindo dogs which were given to her as a present.
The pair later produced several puppies, some of whom she kept while others were adopted. Jindo dogs are known for their loyalty and devotion.
The date for the next presidential election was set at a cabinet meeting on March 15.
At that meeting, Hwang Kyo-ahn said he would not run in the election, dealing a blow to conservatives looking for viable candidates, reported Yonhap news agency.
Despite the ruling, Park Geun-hye remains inside the presidential compound.
Thousands turned out for rallies in Seoul on March 11, a day after three people involved in protests died there.
Many were calling for the impeached president’s arrest, although a smaller number of her supporters also gathered in nearby streets.
There are fears the two sides may clash and there is a heavy police presence.
A spokeswoman for the protesters supporting the court’s decision, Choi In-sook, told Reuters they were demanding the arrest of Park Geun-hye.
She has lost her presidential immunity and could face criminal charges.
Meanwhile, South Korea’s election commission announced a “free and fair” vote would be held by May 9 at the latest.
Currently, Moon Jae-in of the Democratic Party is leading in the polls, with one survey putting him almost 22% ahead of his nearest rival, acting president Hwang Kyo-ahn, who is loyal to Park Geun-hye.
Hwang Kyo-ahn has called for calm, saying the government should remain stable to prevent internal conflict from spreading.
However, police are bracing themselves for more violence following the deaths of two of Park Geun-hye’s supporters on March 10.
A third person, aged 74, is understood to have had a heart attack during March 10 protests, and died on the next day, according to Reuters.
Park Geun-hye’s office said she would not be leaving the Blue House, South Korea’s presidential palace, on March 10 nor making any statement.
It is understood Park Geun-hye will not leave until her own home in Seoul is repaired and cleaned.
President Park Geun-hye has become South Korea’s first democratically elected leader to be forced from office.
Judges unanimously upheld parliament’s decision to impeach Park Geun-hye over her role in a corruption scandal involving her close friend, Choi Soon-sil.
Choi Soon-sil is accused of using her presidential connections to pressure companies to give millions of dollars in donations to non-profit foundations she controlled.
Park Geun-hye is alleged to have been personally involved in this, and to have given Choi Soon-sil unacceptable levels of access to official documents.
Park Geun-hye had “concealed completely Choi Soon-sil’s meddling in state affairs and denied it whenever suspicions over the act emerged and even criticized those who raised the suspicions,” it said.
However, the judges dismissed some charges, including accusations Park Geun-hye had infringed on freedom of the press by creating a media blacklist of cultural figures, and criticism of her response during the 2014 Sewol ferry disaster.
Lee Jae-yong’s trial on a string of corruption charges including bribery and embezzlement has begun in South Korea.
The Samsung vice-president and heir apparent was not present at the preliminary hearing, but his lawyer denied all charges on his behalf.
The case is linked to a massive scandal that led to the impeachment of President Park Geun-hye.
Four other Samsung executives who are also facing trial have also denied wrongdoing.
The trial is expected to go on for several months.
Image source Reuters
Lee Jae-yong, professionally known as Jay Y. Lee, is currently vice-chairman of Samsung Electronics. But since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.
He is accused of giving donations worth 41 billion won ($36 million) non-profit foundations operated by Choi Soon-sil, a friend of Park Geun-hye.
Prosecutors have alleged this was done to win government support for a big restructuring of Samsung that would help a smooth leadership transition in favor of Lee Jae-yong.
In a December parliamentary hearing, Samsung admitted giving a total of 20.4 billion won to two foundations, but denied seeking favors in return.
Lee Jae-yongalso confirmed the company gave a horse and money to help the equestrian career of Choi Soon-sil’s daughter, Chung Yoo-ra, something he said he now regrets.
They included revelations that the president had allowed her old friend – who holds no government role – to edit political speeches.
Politicians voted in December 2016 to impeach her over the scandal. South Korea’s constitutional court is expected to rule shortly on whether that decision will be upheld.
Until then, Park Geun-hye remains formally president but stripped of her powers.
Park Geun-hye denies wrongdoing but has apologized for the way she managed her relationship with Choi Soon-sil, who also denies committing criminal offences.
Samsung vice-president and heir apparent Lee Jae-yong is to be formally indicted on multiple charges including bribery and embezzlement, South Korean prosecutors said.
The case is tied to the Choi Soon-sil scandal which led to the impeachment of South Korea’s President Park Geun-hye.
The special prosecutor’s office announced the charges against the de-facto Samsung chief, along with four other company executives.
Three of those executives resigned on February 28 following the announcement.
Samsung also said it was dismantling its corporate strategic office, a unit coordinating the various arms of the huge conglomerate.
The tech giant is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a close friend of President Park Geun-hye, in exchange for government favors.
Prosecutors accused Lee Jae-yong of giving donations worth 41 billion won ($36 million) to organizations linked to Choi Soon-sil. They alleged this was done to win government support for a big restructuring of Samsung that would help a smooth leadership transition in favor of Lee Jae-yong, who is standing in as chairman for his ill father, Lee Kun-hee.
The controversial merger required support from the national pension fund – the allegation is that this support was granted in return for the donations.
In a December parliamentary hearing, Samsung admitted giving a total of 20.4 billion won to two foundations, but denied seeking favors in return.
Lee Jae-yong also confirmed the company gave a horse and money to help the equestrian career of Choi Soon-sil’s daughter, Chung Yoo-ra, something he said he now regrets.
This centers around President Park Geun-hye’s ties to Choi Soon-sil and has brought allegations of cult activities, influence-peddling and leaks of classified information.
Choi Soon-sil is a long term family friend whose father had already had close ties with President Park’s father who was president in the 1970s.
As well as soliciting donations, Choi Soon-sil is accused of using their friendship to interfere in politics.
Choi Soon-sil is now on trial charged with various offences, including abuse of authority, coercion and attempted fraud, and denies wrongdoing.
In December 2016, the parliament voted to impeach President Park Geun-hye. Her case is now being heard by the constitutional court. Meanwhile she has been stripped of her presidential powers.
Regardless of the outcome, Lee Jae-yong’s trial is a big blow to Samsung. His arrest may not affect short term production or the running of the firm but there could be long term implications.
Samsung is one of the biggest electronics companies in the world and for the head of a company that thrives on a premium brand image to be involved in a corruption scandal is a huge embarrassment.
Earlier in February, when Lee Jae-yong was first arrested, Samsung said it would do its best “to ensure that the truth is revealed in future court proceedings”, though denies wrongdoing.
South Korea’s opposition seeks the impeachment of acting president Hwang Kyo-ahn over his decisions on the country’s corruption scandal.
The interim leader decided not to extend a special prosecutor’s investigation which involves his predecessor, President Park Geun-hye.
Prosecutors want more time to question her over the scandal.
Park Geun-hye is awaiting a separate ruling on her December impeachment from the constitutional court.
She is still technically president, though she has been stripped of her powers while the constitutional court decides her fate. As long as she remains president, she is immune from prosecution.
However, the wider corruption investigation which emerged from the scandal will now end on February 28, before special prosecutors have the opportunity to question Park Geun-hye.
Any further investigation will fall to individual state prosecutors.
Image source Wikipedia
Hwang Kyo-ahn, who remains prime minister while he sits in for the president, said that continuing the investigation is not in the best interests of the nation.
His spokesman said: “After much deliberation [the acting president] has decided that it would be best for country’s stability to not extend the special investigation and for the prosecutors to take over.”
Choo Mi-ae, leader of the main opposition Democratic Party, said Hwang Kyo-ahn’s decision indicated he was trying “to become Park’s shield to protect her and her associates”.
Park Geun-hye was impeached weeks after her old friend Choi Soon-sil was arrested.
In a written statement on February 27, Park Geun-hye maintained her innocence, but said she had “belated regret, that I should have been more cautious with my trust in her.”
Choi Soon-sil is accused of using her presidential connections to pressure companies for millions of dollars in donations to two non-profit foundations she controlled. President Park Geun-hye is alleged to have been personally involved.
On November 20, Choi Soon-sil was charged with various offences, including abuse of authority, coercion, attempted coercion and attempted fraud, leading to the wider investigation.
Samsung vice-president was also arrested in connection with the probe.
The company is accused of giving donations to non-profit foundations operated by Choi Soon-sil in exchange for government favors.
Park Geun-hye’s case at the constitutional court also heard the final arguments on February 27. It is not known when the final verdict will be delivered.
The court may reject Park Geun-hye’s impeachment, restoring her powers and returning the country to its status quo.
If, however they uphold the parliament’s decision, a presidential election must be held.
Hundreds of thousands of protesters have taken to the streets calling on ousted President Park Geun-hye to step down immediately, rather than continue to fight her impeachment in the constitutional court.
Samsung VP Lee Jae-yong has been arrested in South Korea on charges of bribery.
The case is linked to Choi Soon-sil scandal that led to the impeachment of President Park Geun-hye.
The tech giant is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of President Park Geun-hye, in exchange for government favors.
Lee Jae-yong and the Samsung Group deny any wrongdoing.
He was first questioned by prosecutors in January, but they decided then not to arrest him.
However, Lee Jae-yong was questioned for a second time earlier this week.
On February 17, the court said it “acknowledged that it is necessary to arrest [Lee Jae-Yong] in light of a newly added criminal charge and new evidence”.
Image source Wikimedia
The prosecution will now investigate further, and has 20 days to file formal charges. The arrest does not reflect a court opinion on guilt or innocence but only means it considers the potential crime very serious or that it assumes a flight risk.
Prosecutors accused Lee Jae-yong of giving donations worth 41 billion won ($36 million) to organizations linked to Choi Soon-sil. They alleged this was done to win government support for a big restructuring of Samsung that would help a smooth leadership transition in favor of Lee Jae-yong, who is standing in as chairman for his ill father, Lee Kun-hee.
The controversial merger required support from the national pension fund – the allegation is that this support was granted in return for the donations.
In a December parliamentary hearing, Samsung admitted giving a total of 20.4 billion won to two foundations, but denied seeking favors in return.
Lee Jae-yong also confirmed the firm gave a horse and money to help the equestrian career of Choi Soon-sil’s daughter, Chung Yoo-ra, something he said he now regrets.
This centers around President Park Geun-hye’s ties to Choi Soon-sil and has brought allegations of cult activities, influence-peddling and leaks of classified information.
Choi Soon-sil is a long term family friend whose father had already had close ties with Park Geun-hye’s father who was president in the 1970s.
As well as soliciting donations, Choi Soon-sil is accused of using their friendship to interfere in politics.
Choi Soon-sil is now on trial charged with various offences, including abuse of authority, coercion and attempted fraud, and denies wrongdoing.
Parliament voted in December to impeach President Park Geun-hye. Her case is now being heard by the constitutional court. Meanwhile she has been stripped of her presidential powers.
Lee Jae-yong is currently vice-chairman of Samsung Electronics. But since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.
Regardless of the outcome, a trial is a big blow to Samsung. Lee Jae-yong’s arrest may not affect short term production or the running of the firm but there could be long term implications.
Shares in Samsung conglomerate’s companies lost between 0.5% and 2% on February 17.
Samsung VP Lee Jae-yong has been questioned for a second time as a suspect in South Korea’s biggest political corruption scandal.
Prosecutors are expected to decide based on the hearing whether they will seek an arrest warrant for Lee Jae-yong.
Samsung is accused of giving donations to non-profit foundations run by a confidante of President Park Geun-hye in exchange for political favors.
Lee Jae-yong told reports before the hearing: “I will once again tell the truth.”
He had already been questioned with several other company executives in January but a subsequent court ruling decided there were insufficient grounds for an arrest.
Image source Wikimedia
Yet during the past weeks investigators reviewed the case and decided there were new aspects that required further questioning.
The claims against Samsung revolve around a merger between the electronics giant’s construction arm, Samsung C&T, and an affiliate company, Cheil Industries.
The prosecution alleges that Samsung gave 2.8 million euros ($3.1 million) to a company co-owned by President Park Geun-hye’s confidante Choi Soon-sil and her daughter, in return for political support for the deal.
The scandal led to President Park Geun-hye being impeached in December 2016.
Lee Jae-yong, also known as Jay Y. Lee, first gave evidence in front of a parliamentary hearing in December 2016. Since January he has been treated as an official suspect in the case.
At the parliamentary hearing, Samsung admitted giving a total of 20.4 billion won ($17.46 million) to the two foundations, but denied seeking favors in return.
Lee Jae-yong also confirmed Samsung gave a horse and money to help the equestrian career of Choi Soon-sil’s daughter, Chung Yoo-ra, something he said he now regretted.
Choi Soon-sil is on trial for charges including corruption and coercion.
A South Korean court has refused a request by prosecutors to issue an arrest warrant for Samsung Electronics Vice-chairman Lee Jae-yong.
On January 19, the judge ruled that there was insufficient reason to arrest Lee Jae-yong over accusations of bribery, embezzlement and perjury.
Lee Jae-yong, known professionally as Jay Y. Lee had been waiting for the ruling overnight since a hearing on January 18.
The allegations were part of a corruption scandal which led parliament to impeach President Park Geun-hye.
Samsung Electronics, which has consistently denied any wrongdoing, said in a statement that the “merits of this case can now be determined without the need for detention”.
President Park Geun-hye is accused of abusing her position by colluding with her close friend Choi Soon-sil to use their relationship to secure millions of dollars from major companies. The money was allegedly paid into Choi Soon-sil’s non-profit foundations in exchange for favorable government treatment.
Image source Wikimedia
Prosecutors allege that Samsung paid 43 billion won ($36.3 million) to secure government support for a controversial merger of two of its affiliates.
Samsung has acknowledged making the payments but insists it did not expect anything in return.
South Korea’s special prosecutors had declared Lee Jae-yong a criminal suspect and made a formal request for an arrest warrant earlier this week.
However, the judge ruled that after reviewing the evidence it was “difficult to acknowledge the necessity and substantiality of an arrest at the current stage”.
Opposition lawmakers said the decision was “regrettable” and ignored the strength of public sentiment.
Correspondents say prosecutors’ hopes of stretching criminal proceedings to include President Park Geun-hye may have been knocked off course by the refusal to issue a warrant against Lee Jae-yong.
Samsung is South Korea’s most high-profile company, and its sales are equal to about a fifth of the country’s GDP.
Park Geun-hye, who has faced massive public protest in recent months, has been stripped of her presidential powers while the constitutional court considers her impeachment.
South Korea’s special prosecutor is seeking an arrest warrant for Samsung Electronics vice-chairman Lee Jae-yong, on bribery charges.
The Lee Jae-yong case is linked to a scandal that led to the impeachment of South Korean President Park Geung-hye.
Samsung is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a close friend of Park Geun-hye, in exchange for government favors.
The donations were allegedly made as Samsung sought political support for a merger.
Lee Jae-yong, known professionally as Jay Y. Lee, was questioned for more than 20 hours at the prosecutor’s office in Seoul last week.
Jay Y. Lee is currently vice-chairman of Samsung Electronics, but since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.
Image source Wikimedia
The news sent Samsung shares lower, with Samsung Electronics stocks down 2% by midday in Seoul, and parent firm Samsung C&T down 0.8%.
A spokesman for the special prosecutor’s office acknowledged the arrest of Lee Jae-yong could be damaging for one of South Korea’s biggest business but said “while the country’s economic conditions are important, upholding justice takes precedence”.
The claims against Samsung center on a controversial merger between the electronics giant’s construction arm, Samsung C&T, and an affiliate company, Cheil Industries.
Prosecutors allege that Samsung gave money to a company co-owned by Choi Soon-sil and her daughter, in return for Park Geun-hye’s support for the deal.
At the parliamentary hearing in December, Samsung admitted giving a total of 20.4 billion won ($17.46 million) to the two foundations, but denied seeking favors.
During that hearing, Lee Jae-yong also said Samsung had made separate payments to help fund Choi Soon-sil’s daughter’s equestrian career, including buying an $850,000 horse – something the Samsung executive says he regrets.
Earlier in the day, the special prosecutor indicted South Korea’s National Pension Service (NPS) chairman Moon Hyung-pyo on charges of abuse of power and giving false testimony.
The NPS is the world’s third-largest pension scheme and was a major shareholder in the two Samsung Group affiliates. It is claimed Moon Hyung-pyo pressured the organization to back the deal – something the NPS has denied.
Samsung Electronics vice chairman Lee Jae-yong has been quizzed at the prosecutor’s office in Seoul as a suspect in South Korea’s biggest political corruption scandal involving President Park Geun-hye.
Samsung is accused of giving donations to several non-profit foundations operated by Choi Soon-sil, a close friend to President Park Geun-hye.
The donations were allegedly made in exchange for political support of a controversial merger.
The Choi Soon-sil scandal has led to President Park Geun-hye being impeached by South Korea’s parliament last month.
Image source Wikimedia
Lee Jae-yong told reporters upon arriving on January 12: “I deeply apologize to the people for failing to show a positive image because of this incident.”
Earlier this week two other Samsung executives were questioned by the special prosecutors, but were treated as witnesses rather than suspects.
The claims against Samsung circle around a merger between the electronics giant’s construction arm, Samsung C&T, and an affiliate company, Cheil Industries.
Prosecutors allege that Samsung gave €2.8 million euros ($3.1 million) to a company co-owned by Choi Soon-sil and her daughter, in return for Park Geun-hye’s support for the deal.
Lee Jae-yong, known professionally as Jay Y. Lee, has already given evidence to politicians over the scandal, but this is the first time he has been questioned as a suspect by investigators.
At the parliamentary hearing in December, Samsung admitted giving a total of 20.4 billion won ($17.46 million) to the two foundations, but denied seeking favors.
Jay Y. Lee also confirmed Samsung gave a horse and money to help the equestrian career of Choi Soon-sil’s daughter, Chung Yoo-ra, something he said he now regretted.
Choi Soon-sil is on trial for charges including corruption and coercion.
President Park Geun-hye’s position began to unravel in October 2016, when details of her friendship with Choi Soon-sil began to emerge.
They included revelations that Park Geun-hye had allowed Choi Soon-sil – who holds no government role – to edit political speeches.
Since then, hundreds of thousands of protestors have gathered every weekend in Seoul to demand Park Geun-hye’s resignation.
Park Geun-hye denies wrongdoing but has apologized for the way she managed her relationship with Choi Soon-sil, who also denies committing criminal offences.
Samsung Electronics’ vice-president and heir-apparent Lee Jae-yong is to be quizzed as a suspect in a corruption scandal surrounding the impeached South Korean president, Park Geun-hye.
The tech giant is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a close friend of President Park Geun-hye.
Samsung’s donations were allegedly made in exchange for political support of a controversial merger.
Lee Jae-yong will face special prosecutors on January 12, officials said.
Samsung declined to comment.
Since his father, Lee Kun-hee, suffered a heart attack in 2014, Lee Jae-yong, 48, is considered de facto chief of the entire Samsung Group conglomerate.
Image source Wikimedia
On December 9, the South Korean parliament voted to impeach President Park Geun-hye over the scandal – a decision the country’s constitutional court has six months to uphold or overturn. Until then Park Geun-hye remains formally president but stripped of her powers, which are handed to the prime minister, a presidential appointee.
The claims circle around a merger between Samsung’s construction arm, Samsung C&T, and an affiliate company, Cheil Industries.
Prosecutors allege that Samsung gave €2.8 million euros ($3.1 million) to a company co-owned by Choi Soon-sil and her daughter, in return for Park Geun-hye’s support for the deal.
Lee Jae-yong has already given evidence to politicians over the scandal, but this is the first time he will be interviewed as a suspect by investigators.
At the parliamentary hearing last month, Samsung admitted giving a total of 20.4 billion won ($17.46 million) to the two foundations, but denied seeking favors.
Lee Jae-yong also confirmed Samsung gave a horse and money to help the equestrian career of Choi Soon-sil’s daughter, Chung Yoo-ra, something he said he now regretted.
Earlier this week two other Samsung executives were questioned by the special prosecutors, but were treated as witnesses rather than suspects.
Park Geun-hye’s position began to unravel in October last year when details of her friendship with Choi Soon-sil began to emerge. They included revelations that the president had allowed her old friend – who holds no government role – to edit political speeches.
Since then, hundreds of thousands of protestors have gathered every weekend to demand President Park Geun-hye to resign.
Park Geun-hye denies wrongdoing but has apologized for the way she managed her relationship with Choi Soon-sil, who also denies committing criminal offences.
Choi Soon-sil has been charged with coercion and attempted fraud.
The trial of Choi Soon-sil has got under way in South Korea.
Choi Soon-sil, a close friend of President Park Geun-hye, is at the center of an influence-peddling scandal involving the South Korean president.
She is charged with abuse of power and attempted fraud.
Separately, the Constitutional Court began considering President Park Geun-hye’s impeachment over the scandal.
That trial, where the court must ratify or overturn a parliamentary impeachment vote, began despite Park Geun-hye’s absence.
Proceedings opened on January 3 but were curtailed because Park Geun-hye did not attend.
On January 5, the court went ahead anyway.
Image source Getty Images
Park Geun-hye’s lawyer has previously said she will not be in court “unless there are special circumstances”, Yonhap news agency reported.
Both cases center on allegations President Park Geun-hye gave Choi Soon-sil unauthorized access to government decisions and allowed her to exploit their close relationship to solicit money from corporations for foundations from which she benefitted.
Both women have apologized but deny committing criminal offences.
The scandal has rocked South Korea, sparking several huge demonstrations.
While the impeachment process continues, Park Geun-hye remains formally president but with most of her powers handed to the prime minister, a role that normally has little executive authority.
Separately, Yonhap news agency reports that South Korea has sent a formal extradition request to Denmark for Choi Soon-sil’s daughter, Chung Yoo-ra, several days after saying they were working on it.
Chung Yoo-ra, a former national equestrian rider, was arrested in Denmark on January 8 and later appeared in court accused of overstaying her visa.
Part of the investigation into Choi Soon-sil’s activities relates to a gift horse from South Korean conglomerate Samsung allegedly for Chung Yoo-ra’s training.
The prestigious Ewha Women’s University in Seoul is also accused of giving Chung Yoo-ra a place – she has since left – because of her mother’s connections.
South Korean President Park Geun-hye has failed to attend a constitutional court hearing on her impeachment.
The session was closed after nine minutes and postponed to January 5 because of her absence.
On December 9, the parliament voted to impeach Park Geun-hye over a corruption scandal.
Park Geun-hye’s close friend Choi Soon-sil has been charged with abuse of power. The president is alleged to have been involved as well, which she denies.
Her impeachment case is being heard in a court by nine judges. They have 180 days to decide whether Park Geun-hye, who has been suspended from duties, should go or stay.
Though the court has requested her presence, Park Geun-hye’s lawyer has said she will not attend “unless there are special circumstances”, Yonhap news agency reported. If Park Geun-hye fails to appear for a second time on January 5, the hearing can proceed without her.
Image source Wikimedia
According to the Korea Times, the justices will be assessing whether she abused her power, took part in bribery and violated the rule of law, among other issues.
Park Geun-hye met reporters on January 1 to strongly deny allegations from prosecutors that she was involved in Choi Soon-sil’s dealings, calling them “distorted and false” suspicions.
Choi Soon-sil is said to have used her close relationship with Park Geun-hye to pressure companies into donating to two foundations which she controlled, and then siphoned off funds for her personal use.
The scandal has rocked South Korea, which has seen multiple mass protests calling for Park Geun-hye to step down and apologize.
The president has admitted giving Choi Soon-sil inappropriate access to government decisions and has publically apologized for this several times.
Separately, South Korean authorities said on January 3 they were proceeding with the extradition of Choi Soon-sil’s daughter, Chung Yoo-ra.
Chung Yoo-ra, a former national equestrian, was arrested in Denmark on January 1 for staying in the country illegally.
Part of the investigation into Choi Soon-sil’s activities relates to a gift horse from Samsung to her, allegedly for Chung Yoo-ra’s training.
Academics from the prestigious Ewha Women’s University in Seoul are also being investigated for admitting Chung Yoo-ra and allegedly giving her preferential treatment.
The daughter of Choi Soon-sil, who is at the center of a presidential scandal in South Korea has been arrested in Denmark, South Korean police say.
Chung Yoo-ra, 20, is accused of staying in Denmark illegally, police said.
Choi Soon-sil is accused of using her friendship with South Korea’s President Park Geun-hye for personal gain, including getting her daughter into a top Korean university.
After weeks of protest, parliament voted on December 9 to impeach President Park Geun-hye.
Park Geun-hye and Choi Soon-sil have apologized while denying the accusations.
Image source Yonhap
South Korean authorities had asked for Interpol’s help in tracing Chung Yoo-ra after she failed to return to answer questions about her role in the scandal.
They are reportedly planning to extradite Chung Yoo-ra, a former national equestrian rider.
Choi Soon-sil is in detention having returned from abroad to face questioning.
She has been charged with various offences, including abuse of authority, coercion, attempted coercion and attempted fraud.
South Korea’s constitutional court has six months to uphold or overturn the impeachment vote against President Park Geun-hye.
Until then Park Geun-hye remains formally president but stripped of her powers, which have been handed to the prime minister, a presidential appointee.
The chairman of South Korea’s pension fund, Moon Hyung-pyo, has been arrested for alleged corruption acts involving Samsung and President Park Geun-hye.
State prosecutors said they raided the National Pension Service (NPS) chairman’s home on December 26, before arresting him on December 28.
The NPS is the world’s third-largest pension scheme.
Moon Hyung-pyo’s arrest comes amid President Park Geun-hye’s impeachment over the scandal involving her close friend Choi Soon-sil.
Image source Korea Herald
In the latest arrest, investigators are looking into NPS’s support of an $8 billion merger between two Samsung Group affiliates and whether Moon Hyung-puo used his influence as health minister at the time, to pressure it to back the deal.
The Ministry of Health and Welfare runs the pension service, which manages 545 trillion won ($451 billion) and was a major shareholder in Cheil Industries Inc and Samsung C&T Corp when they merged.
The NPS has denied previous reports that Moon Hyung-pyo pressured the organization to back the deal, and he told reporters on December 27 that he would cooperate with the investigation.
The scandal has also caught Samsung up in allegations that it backed foundations controlled by Choi Soon-sil in the hope of receiving political favors, which investigators are also examining.
Politicians voted this month to impeach President Park Geun-hye – a decision South Korea’s constitutional court has six months to uphold or overturn. Until then Park Geun-hye remains formally president but stripped of her powers, which are handed to the prime minister, a presidential appointee.
Park Geun-hye denies wrongdoing but has apologized for the way she managed her relationship with Choi Soon-sil, who also denies committing criminal offences.
South Koreans protesters dressed as Santa Claus have marched through the streets of Seoul calling for the immediate removal of President Park Geun-hye.
The festive protest marks the ninth week of rallies against the South Korean president.
Earlier this month South Korea’s parliament has voted to impeach Park Geun-hye over a corruption scandal, but that decision has to be confirmed by the country’s constitutional court.
Tens of thousands of demonstrators demand the president to resign at once.
Organizers say more than 550,000 people joined the ranks marching towards the presidential Blue House, the prime minister’s office and the constitutional court. Police figures were not available.
The crowd chanted “Arrest Park immediately!” and sang along to Christmas songs whose lyrics they had changed to mock the president.
Between 200 and 300 young people in Santa outfits handed out books and Christmas cards to children at the demonstration, chanting: “Gifts to children and handcuffs to Park!”
The scandal which has engulfed President Park Geun-hye centers on her relationship with long-time friend Choi Soon-sil, who faces charges of coercion and abuse of power.
It is alleged that after Park Geun-hye became president in 2013, Choi Soon-sil, 60, used their friendship to pressure top companies into donating to foundations she controlled, and then siphoned off funds for her own gain.
Prosecutors are also investigating new allegations that Choi Soon-sil sent dubious assets worth hundreds of millions of dollars overseas.
Park Geun-hye’s one-time ally has been in custody since October, and was brought to a special prosecutors’ office to be questioned on December 24.
A spokesman for the special prosecutor told reporters: “We will question her to confirm her earlier statements and investigate other allegations.”
President Park Geun-hye has been suspended from her duties since the impeachment vote on December 9, but insists she will wait “calmly” until the constitutional court delivers its decision.
If the constitutional court confirms her impeachment, Park Geun-hye will be permanently removed from office, and elections will be held within 60 days.
Tens of thousands of South Koreans have marched in Seoul to celebrate the impeachment of President Park Geun-hye and demanding her full removal.
Park Geun-hye is suspended while the top court considers whether to uphold December 9 parliamentary vote to impeach her.
She is accused of allowing a close friend to profit from her connections with the presidency.
According to correspondents, the gathering, estimated at 200,000 by organizers, was smaller than in recent weeks.
Meanwhile PM Hwang Kyo-ahn, who became acting president after yesterday’s vote, sought to calm concerns over national security and to reassure markets
He said on December 10: “So far, financial and foreign exchange markets have been relatively stable and there are no signs of unusual movements by the North [Koreans], but all public servants should bear vigilance in mind.”
Image source Wikimedia
The motion to impeach Park Geun-hye passed by 234 votes to 56, meaning many members of her Saenuri party voted in favor.
Park Geun-hye’s supporters held a Seoul rally that drew an estimated 15,000 people on December 10. Waving national flags, they carried banners that read: “President Park, Don’t Cry” and “Nullify impeachment”.
At the heart of the case is Park Geun-hye’s relationship with long-time friend Choi Soon-sil, who faces charges of coercion and abuse of power.
It is alleged that after Park Geun-hye became president in 2013, Choi Soon-sil, 60, used their friendship to pressure powerful corporations into donating to foundations she controlled and then siphoned off funds for her personal use.
Prosecutors say Park Geun-hye had a “considerable” role in the alleged corruption, which she has denied.
The Constitutional Court has 180 days to make a final ruling.
If at least six of the court’s nine judges rule against Park Geun-hye, she will become the first sitting South Korean president to be deposed in the country’s democratic era and a new presidential election will be held within 60 days.
South Korea’s President Park Geun-hye has been impeached over a corruption scandal after parliament voted with 234 to 56.
The number of votes on impeachment motion shows that some members of Park Geun-hye’s ruling Saenuri party voted in favor.
PM Hwang Kyo-ahn has become interim president.
Image source Wikimedia
Thousands of people took to the streets in recent weeks demanding Park Geun-hye’s removal. After the vote, she again apologized that she had “created this national chaos with my carelessness”.
At the heart of the crisis is the relationship between Park Geun-hye and her close friend Choi Soon-sil, who stands accused of using her connections to gain influence and financial benefits.
Choi Soon-sil is now in custody, facing charges of coercion and abuse of power.
Prosecutors say Park Geun-hye had a “considerable” role in the alleged corruption, which she has denied.
Hwang Kyo-ahn, 59, spent most of his career as a prosecutor, is now acting-president.
He had earlier served as justice minister, before becoming prime minister in June 2015.
In 2014, as justice minister, Hwang Kyo-ahn oversaw the banning of the Unified Progressive Party, which was accused of holding pro-North Korean views.
The move was criticized by the human rights group Amnesty International.
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