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Presidential Scandal Distracts Korea From Economic Scandals

  • Park fights to save political career while economy stutters
  • Allegations follow troubles at Samsung, Hanjin Shipping, Lotte
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South Korea Scandal Shakes Up Park's Government

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The bizarre scandal engulfing South Korea’s President Park Geun-hye could hardly have come at a worse time for the country’s economy.

The nation’s biggest company is trying to control the damage from canceling its flagship product, its largest container shipper went into receivership, the head of its biggest retailer has been indicted on charges of embezzlement, exports are slumping, household debt is rising, and now this.