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SEOUL, South Korea (AFP) — The woman at the center of South Korea’s corruption scandal, Choi Soon-Sil, was handed a three-year jail term Friday for bribery in the first of a string of criminal cases against her. A long-time friend of South Korea’s disgraced ex-president, Choi was found guilty of bribing professors to have her daughter admitted to Seoul’s prestigious Ewha Woman’s University and receive good grades, despite a poor attendance record. “The court sentences […]
(AFP) — South Korean prosecutors on Monday charged the chairman of retail giant Lotte in connection with the corruption scandal that brought down former president Park Geun-Hye. Shin Dong-Bin is accused of using more than $6 million to bribe Park and her secret confidante Choi Soon-Sil, the prosecutors said on the same day they charged Park with bribery and abuse of power. Shin, 62, allegedly offered seven billion won ($6.15 million) to a sports foundation […]
SEOUL, South Korea (AFP) — The world’s biggest smartphone maker Samsung, assailed by a shambolic recall and embroiled in South Korea’s wide-ranging corruption scandal, on Friday backed away from a planned corporate restructuring. Following the embarrassing recall of the Galaxy Note 7 smartphone and under pressure from activist shareholders to improve corporate governance, Samsung Electronics said last year that it was considering splitting the company in two. Its vice-chairman Lee Jae-Yong, the heir to the […]
