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Samsung boss questioned in South Korea corruption probe

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South Korea Indicts Pension Chief Involved in Samsung Merger

South Korea Indicts Pension Chief Involved in Samsung Merger

– SEOUL—South Korean prosecutors on Monday indicted the head of the country’s National Pension Service, as investigators tightened their focus on a 2015 merger of two Samsung affiliates that has pulled the Samsung conglomerate’s heir apparent into a wide-ranging political corruption scandal.A spokesman for the special prosecutor’s office said Monday that they had indicted Moon Hyung-pyo, the chairman of the National Pension Service,…
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Samsung boss questioned in South Korea corruption probe

Samsung boss questioned in South Korea corruption probe

– Image copyright Getty ImagesSamsung chief Lee Jae-yong has been questioned at the prosecutor’s office in Seoul as a suspect in South Korea’s biggest political corruption scandal.The firm is accused of giving donations to several non-profit foundations operated by Choi Soon-sil, a confidante of President Park Geun-hye.The donations were allegedly made in exchange for political support of a controversial merger.
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Key Samsung shares steady, market awaits South Korea prosecution decision on leader

Key Samsung shares steady, market awaits South Korea prosecution decision on leader

– Samsung Electronics vice chairman Jay Y. Lee is surrounded by media as he leaves the office of the independent counsel in Seoul, South Korea, January 13, 2017.Kim Do-hoon/Yonhap via REUTERS/FilesSamsung Electronics vice chairman Jay Y. Lee is surrounded by media as he leaves the office of the independent counsel in Seoul, South Korea, January 13, 2017.Kim Do-hoon/Yonhap via REUTERSSEOUL Shares of Samsung Electronics Co Ltd and Samsung C&T Corp were steady in early trade on Monday, ahead of a South Korean special prosecutor’s decision on whether to seek an arrest warrant for Samsung Group’s leader.
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South Korea prosecutor weighs economic impact of arrest of Samsung chief

South Korea prosecutor weighs economic impact of arrest of Samsung chief

– South Korea’s special prosecutor said on Sunday it will take into account the economic impact of whether to arrest Samsung Group leader Jay Y. Lee in connection with an influence-peddling investigation involving the president.The office also delayed by one day, until Monday, its decision on whether to seek the arrest of Lee, the third-generation leader of South Korea’s largest conglomerate, or chaebol, citing the gravity of the case.The special prosecution had said it would make a decision on Lee by Sunday.
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