Cultural advice

The Australian National University acknowledges, celebrates and pays our respects to the Ngunnawal and Ngambri people of the Canberra region and to all First Nations Australians on whose traditional lands we meet and work, and whose cultures are among the oldest continuing cultures in human history.

Aboriginal and Torres Strait Islander peoples are advised that ANU Library collections may include images, names, voices, and other representations of deceased persons.

Material in the collection may contain terms, language or views that reflect the period in which the item was created and may be considered inappropriate today.

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

Thumbnail Image

Date

2017-09-19

Authors

Kim, Hyung-A

Journal Title

Journal ISSN

Volume Title

Publisher

Asian Studies Association of Australia

Abstract

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 bribe designed to win the government’s approval of a controversial merger of two Samsung units so as to increase Lee’s control over the entire Samsung empire. It would have cemented a power transfer from his father, Lee Kun-hee, who has been in a coma since 2014.

Description

Keywords

Citation

URI

http://hdl.handle.net/1885/187445

Collections

ANU Research Publications

Source

Asian Currents

Type

Newspaper/magazine article

Book Title

Entity type

Access Statement

Open access via publisher website

License Rights

DOI

Restricted until

DSpace software copyright © 2002-2026 LYRASIS