DEAL Galaxy S24 FE, Galaxy Watch 7. Subscribe today and be the first to learn about One 7 beta!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

South Korea’s corruption probe ensnares key Samsung executives

General
By 

Last updated: November 18th, 2016 at 06:00 UTC+01:00

Prosecutors in South Korea raided Samsung Electronics HQ in Gangnam, Seoul about a week ago as the investigation into one of the biggest corruption scandals the country has ever been gripped with continues. The raid was carried out after reports in the local media claimed that Samsung gave millions of euro to a sham foundation run by “shaman adviser” and a personal friend of South Korea's President Park Geun-hye. Son of the existing Samsung chairman and the heir apparent Lee Jae-yong was summoned for questioning well into the night on November 13. He was primarily asked about Samsung's alleged involvement in all of this. The corruption probe has now ensnared some of the top executives at the company.

According to local reports, prosecutors have now grilled Chang Choong-ki who is the head of Samsung's strategy planning department. This department is actually considered as the Samsung Group's de facto control tower as key strategy decisions are made here. He was summoned before the Seoul Central District Prosecutors' Office to answer questions about claims about Samsung's relationship with the president's friend Choi Soon-sil. Samsung’s president for corporate relations Park Sang-jin has already been summoned by prosecutors twice this month to answer questions about the company's alleged involvement.

It's claimed that in return for the donations made by Samsung, Choi used her influence in the political and business sectors to aid Samsung Group in completing the highly controversial merger between Samsung C&T and Cheil Industries last year. The merger effectively aided the founding Lee family to cement their grasp on the conglomerate despite their single-digit stake.

Via General Samsung Electronics
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung CEO wants employees to make desperate efforts to improve products

Samsung CEO wants employees to make desperate efforts to improve products

Samsung is in a bit of a crisis right now. While the company has been the world's biggest memory chip maker for decades, it seems to have lost its footing in high-end memory chips (HBM) used in AI accelerators and GPUs. In times like these, Samsung CEO urged employees to focus on attaining technology leadership. […]

  • By Asif Iqbal Shaik
  • 7 hours ago
Samsung’s profit jumps 72.8% in Q3 2024 despite chip struggles

Samsung’s profit jumps 72.8% in Q3 2024 despite chip struggles

Earlier today, Samsung announced its earnings for the third quarter of 2024. While the company's profits beat market expectations, its struggles in the memory chip market remain. The South Korean firm reported a consolidated revenue of KRW 79.1 trillion ($57.34 billion) and an operating profit of KRW 10.1 trillion ($7.3 billion). Samsung's net profit in […]

  • By Asif Iqbal Shaik
  • 1 day ago
Samsung’s device repair network welcomes 300+ more locations

Samsung’s device repair network welcomes 300+ more locations

Samsung's customer care network is expanding. The company announced today that its partnership with Cell Phone Repair (CPR) by Assurant, an Independent Service Provider (ISP) within Samsung's repair network, is opening more than 300 new service locations before the end of 2024. At the beginning of the year, CPR had roughly 100 locations certified by […]

  • By Mihai Matei
  • 3 days ago
Samsung goes all nostalgic for the ‘glorious Y2K era’

Samsung goes all nostalgic for the ‘glorious Y2K era’

Samsung has become nostalgic for the year 2000 and has partnered with two designers to create new accessories inspired by popular trends of the era. This new collection of accessories, designed for the Galaxy Z Flip 6 and the Galaxy Buds 3, recalls “the simpler and more fun years of our youth,” when the Internet […]

  • By Mihai Matei
  • 1 week ago
Clever trick from Samsung might fix moisture detection warnings

Clever trick from Samsung might fix moisture detection warnings

Samsung Galaxy phones and tablets boast a high level of water resistance, but the USB ports are not covered, and as everyone knows, water and electronic circuits don't go well together. To avoid water damage and keep water resistance without resorting to USB port covers, Samsung developed a clever software component that automatically detects moisture […]

  • By Mihai Matei
  • 2 weeks ago
New insight tells different story of Samsung-Apple rivalry in Q3

New insight tells different story of Samsung-Apple rivalry in Q3

Yesterday, we covered some market data for the global smartphone segment in Q3 and reported that, according to those numbers, Samsung and Apple held roughly the same market share in the third quarter of 2024. However, different analysts use different methodologies, and today, fresh insight from Counterpoint Research paints a new picture. While Canalys data […]

  • By Mihai Matei
  • 2 weeks ago