Samsung Leader Arrested
Samsung is Korea's biggest multinational corporation.
It has produced TVs, air conditioners, rice cookers,
and microwaves that people all around the world use.
It even produced Galaxy smartphones,
which surpassed iPhone in market share.
And today, Lee Jae-yong, the heir apparent of the
multinational Samsung Group, was arrested.
(Lee Jae-yong is the son of Lee Kun-hee, the chairman of the group).
Lee Jae-yong is charged of aiding Choi Soon-sil, a civilian
who manipulated the currently impeached president,
Park Geun-hye, to commit various types of corruption.
Lee paid kickbacks to Choi to receive government
support for the merger of two Samsung affiliates.
Financial Times, a British daily newspaper, published
a column stating that Lee Jae-yong should receive the
maximum sentence allowed by law.
Lee Jae-yong, the de facto leader of Samsung,
is handcuffed and in jail.
The impeachment of South Korean president
and the collapse of Korea's biggest corporation
show that the Korean politics and economy are
in a great turmoil and cesspool.