Thursday, February 16, 2017

Alleged Scandal involving bribery and the KFTC

News reports from Korea  are not positive for Samsung. The Associated Press reports that anti-corruption prosecutors are investigating the KFTC:

The investigators have also reportedly looked at whether South Korea's fair trade commission gave any favors to Samsung related to a complex cross-shareholding structure that allows the Lee family to exert an outsized influence on Samsung Electronics and its dozens of affiliates, while holding a small stake. The anti-trust regulator was raided earlier this month by prosecutors.

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