Prosecutors charge Samsung chief

The chairman of South Korean firm Samsung, Lee Kun-hee, has been indicted for tax evasion and breach of trust, prosecutors say.

The announcement follows a three-month investigation into alleged corruption at South Korea’s biggest conglomerate.

But the probe cleared the firm of allegations by a former executive that it used a multi-million dollar slush fund to bribe prosecutors and judges

Prosecutors question Samsung boss

The boss of South Korea’s Samsung Group has appeared before special prosecutors to be questioned over allegations of corruption at the firm.

Lee Kun-hee, chairman of the company, the country’s largest conglomerate, is being questioned in regard to an investigation that started in January.

Samsung is accused of operating a 200bn won ($215m; £108m) slush fund to bribe prosecutors, judges and civil servants

Korea jails Lone Star executive

Texan private equity firm Lone Star has been found guilty of stock price manipulation by a South Korean court.

The Seoul court fined the Dallas-based company $27m (£13.6m) and sentenced Paul Yoo, the head of its Korean unit, to five years in prison

Samsung settles price fixing case

Samsung Electronics has agreed to pay $90m to settle legal action over microchip price-fixing allegations.

It must also co-operate in suits against other microchip manufacturers.

The South Korean company faced claims customers had been forced to overpay for equipment containing its dynamic random access memory (DRAM) chips

Hyundai’s boss gets three years

The chairman of Hyundai Motor Company, one of South Korea’s biggest firms, has been sentenced to three years in jail for embezzlement and breach of trust.

Chung Mong-koo, 68, was accused of amassing a multi-million dollar slush fund for personal use and to pay lobbyists and politicians.

A spokesman for South Korea’s top auto maker said the ruling was disappointing and that an appeal would be filed

Daewoo founder loses fraud appeal

Kim Woo-choong, the founder of Daewoo Group, has lost his appeal against a conviction for embezzlement and fraud, but has had his jail sentence cut.

Kim, was found guilty of charges earlier this year, but will now serve eight-and-a-half years in prison rather than 10.

The 69-year-old also had the amount he must repay reduced from 21 trillion won (£22bn; £11

S Korea raids KEB over sale worry

South Korean prosecutors have raided the offices of Korea Exchange Bank (KEB) as part of a probe dating back to its 2003 sale to a US investment fund.

The probe is looking into allegations that KEB figures were manipulated so it could be sold quickly and cheaply.

Lone Star Funds bought KEB for 1

Hyundai chief admits fraud

The chairman of Hyundai admitted to his role in setting up slush funds allegedly used to bribe politicians as the scandal surrounding the South Korean car maker claimed more victims.

“I admit my guilt, to a certain extent,” said Chung Mong-koo during his second appearance at his embezzlement trial.

However he was unable to help prosecutors further, replying to several detailed questions about the fund by claiming, “I don’t remember

Daewoo boss gets 10 years in jail

Kim Woo-choong, the founder of Daewoo Group, which at one time was among South Korea’s largest industrial firms, has been sentenced to 10 years in jail.

Kim, who was on the run for six years, was found guilty of charges including embezzlement and accounting fraud.

The 69-year-old also has been ordered to hand over 21 trillion won (£12bn: $22bn) and was fined 10m won

Hyundai chairman Chung indicted

South Korean prosecutors have indicted the chairman of carmaker Hyundai Motor for his alleged role in a bribery and embezzlement scandal.

Chung Mong-Koo was arrested at the end of April and has been accused of creating slush funds to pay politicians and officials for business favours.

He also is accused of transferring funds and shifting corporate controls to his son, Chung Eui-Sun