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Seoul Court Rejects Arrest of Samsung Heir Lee

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Seoul Court Rejects Arrest of Samsung Heir Lee

Seoul Court Rejects Arrest of Samsung Heir Lee

– Netflix’s Decade of Streaming42:32 – It’s now been 10 years since Netflix made its most important strategic shift away from mail-in DVDs and into Internet streaming.Bloomberg’s Kaitlin Meehan looks back at the company’s evolution.(Source: Bloomberg)
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Samsung Heir Faces Arrest In Presidential Corruption Scandal

Samsung Heir Faces Arrest In Presidential Corruption Scandal

– The vice chairman and billionaire heir apparent of Samsung, Jay Y. Lee, is the latest high-profile figure to be implicated in the presidential corruption scandal that has rocked South Korea.Prosecutors there claim Lee gave 43 billion won ($36 million) in bribes to President Gun-Hye Park and her close advisor, Soon-sil Choi.The money allegedly came in the form of donations to Choi’s non-profit foundations in an effort to curry favor with the government and help consolidate his family’s control over Samsung.
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In a Blow to Prosecutor, South Korean Court Blocks Arrest of Samsung Group Leader

In a Blow to Prosecutor, South Korean Court Blocks Arrest of Samsung Group Leader

– PhotoSEOUL, South Korea — A South Korean court on Thursday blocked a prosecutor’s attempt to arrest Jay Y. Lee, the leader of Samsung, saying there was not enough evidence that Mr. Lee had bribed President Park Geun-hye, in a scandal that led to her impeachment.A justice on the Central District Court in Seoul, Cho Eui-yeon, rejected the prosecutor’s request to issue an arrest warrant, saying said it was “difficult to recognize the need” to incarcerate Mr. Lee.Mr. Lee, a third-generation scion and vice chairman of Samsung, one of the world’s biggest conglomerates, was immediately released from a detention center outside Seoul, where he had been waiting for the court to decide whether he should be formally arrested.
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