Lotte chief Shin Dong-bin was sentenced to 30 months in prison after a Seoul Court found him guilty of bribery charges in exchange for govt favours in providing a license to operate duty-free stores
3 min read13 Feb 2018Ousted South Korean president Park Geun-hye's secret confidante Choi Soon-sil is jailed for 20 years for her key role in a scandal that brought down the former head of state
1 min read13 Feb 2018A South Korean high court has freed Samsung Electronics Co. vice chairman Jay Y. Lee after suspending his prison sentence for bribery
2 min read5 Feb 2018Jay Y. Lee , heir to Samsung, appeared before a court in Seoul for the first day of arguments in the appeal of his 5-year jail term for corruption
2 min read12 Oct 2017Rhetoric around the case has escalated since Jay Y. Lee was convicted of bribery, the latest stage in a scandal that brought down a president and tainted Samsung's reputation
4 min read4 Sep 2017The defence lawyer of Samsung Electronics vice chairman Jay Y. Lee files an appeal against the five-year jail term his client has been handed for bribery and other charges
1 min read28 Aug 2017Only by ensuring that Samsung heir Jay Y. Lee serves his full sentence, will the South Korean govt send a convincing message that corporate malfeasance will no longer be tolerated
3 min read28 Aug 2017Samsung vice chairman Jay Y. Lee was convicted of bribery, sentenced to 5-years in prison, a blow to the heir apparent of the world's biggest maker of smartphones, memory chips
2 min read25 Aug 2017Since Jay Y. Lee was arrested in February, Samsung Electronics posted record net income and its shares reached an all-time high
5 min read24 Aug 2017Lee Jae-Yong, vice president of Samsung and the son of group chairman Lee Kun-Hee, had first time faced interrogation since the proceedings began in March
2 min read2 Aug 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared