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BUSINESS circles were taken aback yesterday by the arrest of the effective boss of Samsung for alleged involvement in a massive South Korean state corruption scandal.
Lee Jae Yong, a vice-chairman at Samsung Electronics and the only son of the ailing Samsung chairman, is accused of giving bribes worth £29 million to President Park Geun Hye and her close friend.
He wanted to enlist government support for a smooth company leadership transition, including a contentious merger of two Samsung companies.
Huge protests against corruption and preventable deaths during flooding have rocked the government — the masses are not likely to be able to take direct control in their own interests yet, writes KENNY COYLE, but it’s a promising show of people power
