Friday’s conviction of Lee Jae-yong, the de facto head of South Korea’s flagship Samsung conglomerate, marked yet another dramatic step in the country’s anti-corruption revolution.
The third-generation leader of Samsung, Mr.… Continue Reading
On March 29, two senior UK judges dismissed an attempt by Unaoil to challenge an SFO investigation into allegations that the company paid bribes around the world. It is the latest in a fast-growing list of failed judicial reviews against the SFO brought on shaky legal grounds.… Continue Reading
Former South Korea President Park Geun-Hye was formally charged with bribery Monday, a month after being removed from office.
Prosecutors in Seoul said the former leader also faces charges of abusing her powers and leaking state secrets.… Continue Reading
In the midst of Korea’s influence-peddling scandal involving President Park, her close associates, and chaebols (family run conglomerates such as Samsung and Hyundai), the country enacted a new anti-corruption law criminalizing graft and solicitation without the need to prove the bribe payer expected anything in return.… Continue Reading
The Korean National Assembly agreed this month to impeach President Park Geun-hye based on the influence-peddling scandal of her confidante, Soon-sil Choi.
The main issue was whether the South Korean chaebols — family-owned conglomerates such as Samsung, Hyundai and LG — were buying influence or preferential treatment from the Park administration by providing financial benefits to Choi and her daughter.… Continue Reading
Taiwan-based contract manufacturer Foxconn Technology Group has disclosed it is investigating allegations of bribery within its supply chain.
Foxconn is perhaps best known as the maker of Apple’s iPhone. Its client list also includes Panasonic, Nokia, Samsung, and Sony.… Continue Reading