Heads of Samsung and Hyundai Among South Korean Business Leaders Probed Over Presidential Scandal

Heads of Samsung and Hyundai Among South Korean Business Leaders Probed Over Presidential Scandal
Investigators are looking at donations made to two coque Wiko Barry non-profits run by Park Geun-hye’s confidante.
The heads of South Korea’s top conglomerates including the Samsung SSNLF -12.28% and Lotte Groups were questioned on Tuesday in an unprecedented parliamentary hearing into the political scandal that appears poised to bring down President Park Geun-hye.

A parliamentary panel is investigating whether the conglomerates, known as chaebol, were pressured by Park or a friend and aide to give money to two non-profit foundations backing Park’s policies in exchange for special treatment.

Samsung Group leader Jay Y. Lee, who sat at the center of the witness table, said Park had asked him during a one-on-one meeting for support for boosting cultural and sports-related developments but did not specifically request http://www.etuicoquesamsung.com/category-coque-etui-support-wiko-sunset-821.html money.

“There are often requests from various parts of society including for culture and sports. We have never contributed seeking quid pro quo. This case was the same,” Lee said, adding that he was embarrassed by the situation and was appearing with a “heavy heart.”

Samsung donated 20.4 billion won ($17.46 million) to the two foundations, the most of any group, and prosecutors raided its offices last month.

The corporate titans ran a gauntlet of media and protestors as they entered the National Housse google Assembly building that sits along the southern bank of the Han River.

None of the chaebol, which are among 53 corporate groups that gave money to the foundations, has been accused of any wrongdoing in the case, but a protestor outside the parliamentary building could be seen holding a sign saying: “Arrest the chaebol chiefs.”

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