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Heir-apparent in gaol: is it the end of the 'Samsung Republic'?

Kim, Hyung-A

Description

The billionaire heir-apparent to South Korea’s largest family-owned conglomerate or chaebŏl, Samsung Electronics, has been gaoled for five years for bribery and embezzlement, among other charges. Lee Jaeyong, aged 49, also known as Jay Y. Lee, is alleged to have offered or pledged $US 36 million in bribes to Choi Soon-sil, a confidante of Park for over forty years, in return for political favours. The court, however, confirmed only South Korean Won (KRW) 7.2 billion ($US 6.8 million) as a...[Show more]

CollectionsANU Research Publications
Type: Newspaper/magazine article
URI: http://hdl.handle.net/1885/187445
Source: Asian Currents
Access Rights: Open access via publisher website

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