Economics
Samsung Raid Turns Spotlight on Companies' Role in Korea Scandal
- Prosecutors seeking evidence of potential illegal gifts
- President Park embroiled in influence-peddling scandal
This article is for subscribers only.
The influence-peddling scandal shadowing South Korean President Park Geun-hye is raising fresh questions about decades of cozy ties between the nation’s big conglomerates and those in power.
Successive governments -- including Park’s administration -- have pledged to curb the influence of the companies, often family-run, known as chaebols. That’s amid public disquiet about how much they affect policy making and, in turn, how strongly and openly they are regulated.