Saturday, January 29, 2022

Scandal

South Korea’s disgraced ex-president Park freed after nearly 5 years in prison

South Korea's top court in January upheld a 20-year prison sentence imposed after Park was found guilty of colluding with a friend to receive tens of billions of won from companies.

Samsung boss convicted, fined for anaesthetic misuse

Lee Jae-yong was fined US$60,000 by the Seoul Central District Court, around 0.0006% of his estimated US$10.2 billion fortune.

World Bank, IMF face long-term damage after data rigging scandal

The damage from the data-rigging scandal that forced the World Bank to discontinue its 'Doing Business' investment climate rankings may be difficult to repair and has raised questions over whether the institutions' influential research is subject to shareholder influence.

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