Author: GIKorea

Anyone following the corruption allegations against Cho Kuk and his family should find none of this news surprising:

A former presidential secretary in charge of anticorruption has made a series of statements that Cho Kuk, a former justice minister and senior secretary for civil affairs in President Moon Jae-in’s administration, abused his power to shut down a probe into one of the president’s political allies.  
   
Park Hyoung-chul offered the testimony Friday during a Seoul Central District Court trial in which he and two others — Cho and Baek Won-woo, former presidential secretary for civil affairs — are all charged with abuse of power.  
   
Testifying during the seventh session of their trial, Park said that Cho had ordered him to shut down the Blue House’s audit into corruption allegations against Yoo Jae-soo, a former public servant and a political ally of Moon.    
   
Park said the December 2017 audit indicated that Yoo, who was serving as the financial policy director of the Financial Services Commission, had received bribes. Park said his office wanted to continue the investigation or send the case to the investigative authorities, such as the Board of Audit and Inspection, but Cho decided to shut it down. 

Joong Ang Ilbo

You can read more at the link, but at this point with Moon’s ally Choo Mi-ae installed as the Justice Minister, Cho Kuk is now pretty much protected from being prosecuted for any crimes.

I guess we will see if this starts a new trend in Korean bookstores, in my opinion this is pretty childish:

 A South Korean bookstore in the central city of Daejeon stirred up an anti-Japan controversy by attaching the nameplate ‘Waegu Novels’ to the bookshelf for Japanese novels.

Waegu is a term used to refer to a group of Japanese pirates who plagued the seas of East Asia, especially between the 13th and 17th centuries. Some Koreans use the term as a way to look down on Japanese people.

In an interview with local media on Wednesday, the owner of the bookstore said that Japan’s economic retaliation against South Korea as well as the fact that a number of bookstores in Japan run ‘Anti-Korea’ corners in their Korea section made him angry.

Korea Biz Wire

You can read more at the link.

It appears that the Korean left is going all in to get Prosecutor General Yoon Seok-youl resign:

The gaping political rift between Justice Minister Choo Mi-ae and Prosecutor General Yoon Seok-youl widened further Monday, as the minister accused the top prosecutor of overstepping his bounds during a parliamentary audit of the Supreme Prosecutors Office held last week.

“For the prosecutor general who must maintain political neutrality, I believe some of his statements crossed the line. As a person in the supervisory position, I’m embarrassed,” said Choo during a parliamentary audit of the justice ministry held at the National Assembly.

Last week, Choo ordered the top prosecutor to recuse himself from the investigation into the high-profile financial fraud case surrounding Lime Asset Management, citing a failure on the part of Yoon to conduct a thorough investigation into opposition politicians and prosecutors allegedly implicated in the case.

Yoon instantly accepted the order but described it as “illegal” and “absurd” during a parliamentary audit session Thursday. He also claimed that President Moon Jae-in asked him to serve out his term via an “appropriate messenger” despite pressure from the ruling bloc for him to resign.

Yonhap

The article goes on to say how the Justice Minister is expanding her attempts to go after Yoon’s wife:

The prosecution is also currently looking into allegations that Yoon’s wife was involved in manipulating stocks in Deutsch Motors and that her art exhibition company took bribes disguised as donations.

What is incredible about this whole political strife is that President Moon is the one who appointed Yoon as the Prosecutor General to be a fair arbiter of justice. That is exactly what Yoon did when he decided to prosecute Moon’s BFF Cho Kuk for the corrupt activities that him and his family were involved in.

Everything that has been happening since then has been payback to try and get Yoon to resign which he has refused to do. Remember this is not the first time the Moon administration has been willing to go after someone’s wife to get their way.

This is going to be quite the tax bill for whoever takes over Samsung after the death of Lee Kun-hee:

As Samsung chief Lee Kun-hee passed away, his heirs, including his only son, Jae-yong, and his sisters will shoulder a record high amount of inheritance tax, industry sources said Sunday.

Lee Kun-hee, who led South Korea’s top family-controlled conglomerate Samsung Group, died at a hospital in Seoul on Sunday at age 78, leaving behind stock assets of some 18 trillion won (US$15.9 billion).

The senior Lee is survived by his wife, Hong Ra-hee, and only son, Jae-yong, and two daughters — Boo-jin and Seo-hyun.

Korea Biz Wire

You can read more at the link, but the article says the tax bill will be about 10 trillion won which is about $9 billion dollars.

Sad news for the family and friends of Samsung architect Lee Kun-hee who passed away yesterday:

 Lee Kun-hee, who had transformed Samsung Group into one of the world’s major tech giants from a small trading firm, died at a hospital in Seoul on Sunday at age 78, leaving a thorny succession challenge for his children.

The chairman of the flagship Samsung Electronics had been bedridden since May 2014 following a heart attack.

“Chairman Lee passed away on October 25 with his family, including Vice Chairman Jay Y. Lee, by his side. Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business,” Samsung said in a statement.

Yonhap

You can read more at the link, but Lee took over Samsung in 1987 at age 45 from his father and his turned it into one of the world’s largest and most respected name brand companies.

It will be interesting to see how the succession plays out with the Moon administration busy trying to throw his son in jail.