Breaking News

ASUS Announces XG Core Radeon RX 9060 XT LP 16GB GDDR6 Razer Unveils the Hammerhead V3 Chroma Sony Introduces USB-C Wired Headphones MDR-3R Greenliant heads to electronica 2026 with its full industrial SSD lineup CORSAIR Brings Comfort in Full Bloom with Dark Cherry Blossom TC500 and TC100 RELAXED Gaming Chairs

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Samsung Dragged Into Korean Political Crisis After Offices Raided

Samsung Dragged Into Korean Political Crisis After Offices Raided

Enterprise & IT Nov 8,2016 0

Samsung Electronics has been dragged into South Korea’s presidential scandal after investigators raided its headquarters as part of a probe into the political scandal around President Park Geun-hye. The Korean prosecutors are investigating allegations that Samsung gave money to the daughter of Choi Soon-sil, a close friend of the president.

The South Korean company confirmed the raid and declined to comment further.

The prosecutor’s raid comes as Lee deals with fallout from the exploding Note 7 debacle, which is estimated to cost the company more than $6 billion. The 48-year-old, who only joined the board last month, also has to contend with a U.S. recall of its washing machines and a push by activist investor Paul Elliott Singer for Samsung to restructure, return cash to investors and improve transparency.

The Seoul Central District Prosecutors’ Office confirmed that prosecutors entered Samsung’s headquarters in Suwon, south of Seoul, at 6:40 a.m. on Tuesday.

Yonhap News earlier reported, without citing anyone, that Samsung is suspected of providing 3.5 billion won ($3 million) to a company owned by Choi Soon-sil to fund equestrian training in Germany for her daughter. Choi is a confidante of Park, who is at the center of an influence-peddling investigation.

Tags: SAMSUNG
Previous Post
Facebook To Offer New Job Opening Features
Next Post
LG Releases Android 7.0 Nougat Upgrade to G5 users

Related Posts

  • Samsung Unveils 115” 4K Smart Signage Display

  • Galaxy AI Is Coming to New Galaxy Watch for More Motivational Health

  • Samsung Introduces Galaxy A55 5G and Galaxy A35 5G

  • Samsung’s New AI PC, Galaxy Book4 Series, Available Globally Beginning February 26

  • Samsung and Google Cloud Join Forces to Bring Generative AI to Samsung Galaxy S24 Series

  • Samsung Galaxy S24 Ultra Creates New Standards of Durability and Visual Clarity With Corning® Gorilla® Armor

  • Samsung announces 2024 Neo QLED, MICRO LED, OLED

  • Samsung Electronics Expands Odyssey Gaming Monitor Lineup With New OLED Models at CES 2024

Latest News

ASUS Announces XG Core Radeon RX 9060 XT LP 16GB GDDR6
GPUs

ASUS Announces XG Core Radeon RX 9060 XT LP 16GB GDDR6

Razer Unveils the Hammerhead V3 Chroma
Consumer Electronics

Razer Unveils the Hammerhead V3 Chroma

Sony Introduces USB-C Wired Headphones MDR-3R
Consumer Electronics

Sony Introduces USB-C Wired Headphones MDR-3R

Greenliant heads to electronica 2026 with its full industrial SSD lineup
Enterprise & IT

Greenliant heads to electronica 2026 with its full industrial SSD lineup

CORSAIR Brings Comfort in Full Bloom with Dark Cherry Blossom TC500 and TC100 RELAXED Gaming Chairs
Cameras

CORSAIR Brings Comfort in Full Bloom with Dark Cherry Blossom TC500 and TC100 RELAXED Gaming Chairs

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

SoundPeats Cove Pro

SoundPeats Cove Pro

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

Akaso Brave 8 Lite

Akaso Brave 8 Lite

SoundPeats C30

SoundPeats C30

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed