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.
Former South Korean President Lee Myung-bak has been given a 15-year jail sentence and a fine over a series of corruption charges, including bribery. He is the fourth ex-South Korean president to land in prison.
South Korea's Samsung Group has announced its investment plans for the next three years. As the company has hit a wall in the market for its smartphones, it's focusing on areas more likely to create future growth.
About two dozen countries accounting for almost half of global exports impose "little or no enforcement" of foreign bribery laws, Transparency International report. The world's top exporter received particular criticism.
Moon Jae-in and Kim Jong Un were all smiles at the start of a summit in Pyongyang. Despite the warm greeting, a lack of progress in denuclearization talks means it will be Moon's most challenging summit yet.
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