South Korean conglomerate Samsung has lost its sparkle. One corruption scandal after another have rocked the company. Its revenues still make up almost a fifth of the country's GDP.
During the construction of Camp Humphreys, the largest US military base on foreign soil, a South Korean conglomerate is reported to have paid nearly $3 million in bribes in order to gain lucrative contracts.
The future of South Korea's electronics giant Samsung hangs by a thread after a court in Seoul sentenced the company's heir Lee Jae-Yong to five years in prison. What would be its impact on the South Korean economy?
A South Korean court has ruled that the 49-year-old heir to one of the world's biggest business empires paid bribes in anticipation of favors from former President Park Geun-hye, and handed him a 5-year jail sentence.
Choi Soon-sil, the friend of former South Korean President Park Geun-hye, has been sentenced to three years in jail. She was accused of using her presidential ties to get her daughter into Ewha Women's University.
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