HomeNewsWorldPosco chief, Samsung exec grilled in S Korea scandal probe

Posco chief, Samsung exec grilled in S Korea scandal probe

South Korean prosecutors investigating a corruption scandal engulfing President Park Geun-Hye questioned the head of the country's largest steelmaker as well as a top Samsung executive today

November 13, 2016 / 10:47 IST
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South Korean prosecutors investigating a corruption scandal engulfing President Park Geun-Hye questioned the head of the country's largest steelmaker as well as a top Samsung executive today.

Posco chief executive Kwon Oh-Joon was grilled overnight about allegations surrounding the 2014 sale of the company's in-house advertising unit.

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Kwon was the first head of a major South Korean conglomerate to be questioned over the scandal centred on Park's close personal friend Choi Soon-Sil.

The allegations are that one of Choi's associates attempted to force the company that bought Posco's advertising subsidiary to hand over 80 percent of its shares.