Just in:
Liverpool FC continues international growth with first official retail partnership in South Korea // NetApp’s 2024 Cloud Complexity Report Reveals AI Disrupt or Die Era Unfolding Globally // Abu Dhabi Secures US$5 Billion in Fresh Funding // Dubai Gears Up for Second FinTech Summit as Funding Surges // GE Jun, Chairman and CEO of TOJOY, Delivers an Inspiring Speech: “Leaping Ahead Again” // Downpours in Oman and UAE Likely Amplified by Warming Planet // Andertoons by Mark Anderson for Fri, 26 Apr 2024 // CapBridge Shares Insights on the Recent Launch of Digital Asset ETFs in Hong Kong // Lee Chong Wei Shows Up On Chinese Hot cultural Talk Show “SHEDE Wisdom Talents”, Talking About “Crossing The Hill” // Forward Fashion’s Artelli Presents: Nobuyoshi Araki’s “Paradise” Starting from April 27th, at K11 MUSEA // Galaxy Macau’s Sakura Cultural Festival Kicked off in Splendor // Ministry of Agriculture Supports Taiwanese Tea’s Entry into Singapore Market to Boost Global Presence // Prince Holding Group’s Chen Zhi Scholarship Clinches Silver Stevie for CSR Excellence at Asia-Pacific Stevie Awards // Etihad Airways Announces Paris Service with A380 // PolyU forms global partnership with ZEISS Vision Care to expand impact and accelerate market penetration of patented myopia control technology // Why Lok Sabha Election For 20 Seats In Kerala Is Crucial For Future Of Left In Indian Politics? // Abu Dhabi Unveils Online Portal to Strengthen Healthcare Workforce // ByteDance Eyes US Shutdown for TikTok // Emirates to Embrace Electric Seaglider Travel // World Intellectual Property Day: OPPO Maintains Top 10 Global IP Ranking for Fifth Consecutive Year //

S.Korea's Park denies wrongdoing in scandal – media

ADVERTISEMENT

SEOUL South Korean President Park Geun-hye on Sunday denied allegations of wrongdoing in a political scandal that threatens her presidency, saying the accusations against her were “fabrication and falsehood”, local media reported.

Park said Choi Soon-sil, her long-time friend, was “merely an acquaintance”, and denied Choi was allowed to wield undue and wide-reaching influence over state affairs, Yonhap news agency and YTN television reported.

Park met domestic media reporters on Sunday in the first public event since her impeachment by parliament on Dec. 9. Her fate is in the hands of Constitutional Court judges who have up to 180 days to uphold the impeachment or reinstate her.

She has denied wrongdoing previously but apologised for carelessness in her ties with Choi, a friend for four decades, who has also denied wrongdoing. Choi is in detention while on trial.

Park was quoted on Sunday as saying that the decision by the country’s national pension fund to back a merger between two Samsung Group affiliates was “a just policy decision” made for national interest, and that the deal was supported by many brokerage firms at the time.

“I did not have an iota of thinking to help anyone and the thought never crossed my mind,” Yonhap quoted Park as saying.

The merger in 2015 of Samsung Group affiliates Cheil Industries Inc and Samsung C&T Corp has become central to the investigation of the scandal that led parliament to vote last month to impeach Park.

The merger has been criticised by some investors for strengthening the founding family’s control of Samsung Group, South Korea’s largest “chaebol”, or conglomerate, at the expense of other shareholders.

The National Pension Service, which had 545 trillion won ($451.78 billion) under management at the end of September and was a major shareholder in the two Samsung affiliates, voted in favour of the merger without calling in an external committee that sometimes advises it on difficult votes.

Park, 64, is accused of colluding with Choi to pressure big businesses including Samsung to make contributions to non-profit foundations backing presidential initiatives.

Park’s comments on Sunday were more detailed than previous ones and also touched on allegations of neglience over the handling of the Sewol ferry disaster in April 2014 that killed more than 300 passengers, mostly school children.

(Reporting by Jack Kim; Editing by Michael Perry and Mike Collett-White)

-Reuters

ADVERTISEMENT

ADVERTISEMENT
Just in:
Abu Dhabi Unveils Online Portal to Strengthen Healthcare Workforce // Ministry of Agriculture Supports Taiwanese Tea’s Entry into Singapore Market to Boost Global Presence // Downpours in Oman and UAE Likely Amplified by Warming Planet // Dubai Gears Up for Second FinTech Summit as Funding Surges // DIFC Courts Cement Role as Top English Dispute Resolution Choice // Emirates to Embrace Electric Seaglider Travel // World Intellectual Property Day: OPPO Maintains Top 10 Global IP Ranking for Fifth Consecutive Year // Oman Seeks Growth Through Strategic Economic Alliances // Etihad Airways Announces Paris Service with A380 // AVPN Charts Path Forward at 2024 Global Conference // TPBank and Backbase Clinch ‘Best Omni-Channel Digital CX Solution’ at the Digital CX Awards 2024 // Forward Fashion’s Artelli Presents: Nobuyoshi Araki’s “Paradise” Starting from April 27th, at K11 MUSEA // Why Lok Sabha Election For 20 Seats In Kerala Is Crucial For Future Of Left In Indian Politics? // World Football Federation Secures Sponsorship From Saudi Oil Giant // Telecom Giant Du Eyes Crypto Integration for FinTech Platform // NetApp’s 2024 Cloud Complexity Report Reveals AI Disrupt or Die Era Unfolding Globally // Lee Chong Wei Shows Up On Chinese Hot cultural Talk Show “SHEDE Wisdom Talents”, Talking About “Crossing The Hill” // Abu Dhabi Secures US$5 Billion in Fresh Funding // Andertoons by Mark Anderson for Fri, 26 Apr 2024 // PolyU forms global partnership with ZEISS Vision Care to expand impact and accelerate market penetration of patented myopia control technology //