Friday, November 22, 2024

Presidential Scandal: Luxury Bags Stir Political Storm in South Korea

Newsis

The prosecution will summon Baek Eun Jung, the representative of Seoul’s Voice, who accused South Korean President Yoon Suk Yeol and his wife Kim Keon Hee of suspicion of receiving a luxury bag.

On May 20th, the Criminal Department 1 of the Seoul Central District Prosecutors’ Office summoned Baek as an informant.

Baek reported on the video of the luxury bag delivery. Last December, he accused President Yoon and his wife of violating the Prohibition of Solicitation Act by accepting bribes.

Baek plans to submit to the prosecution the original 30-minute video including the process of delivering the luxury bag and the KakaoTalk conversation data containing the content of Pastor Choi Jae Young, who handed over the luxury bag to the First Lady Kim, soliciting a favor for a third party.

Baek announced that he would file additional accusations against President Yoon and the First Lady at the Supreme Prosecutors’ Office on the same day. The content includes suspicions of receiving luxury cosmetics worth $1,500 and liquor worth $335 and suspicions related to requests for financial committee personnel.

On May 13th, the prosecution called Pastor Choi as a suspect and investigated for about 12 hours. On May 21st, the prosecution plans to summon the man who reported to the media that he picked up a book believed to have been given as a gift by Pastor Choi to First Lady Kim.

Hot this week

Is South Korea’s Economy in Trouble? IMF Sounds the Alarm

The IMF forecasts South Korea's 2024 growth at 2.0%, citing uncertainties and recommending gradual interest rate cuts and structural reforms.

Trump’s Election Sends Global Markets Into Freefall, But Wall Street’s Winning Big

Trump's election victory causes a split in stock markets, boosting Wall Street while global markets struggle amid protectionist policy fears.

Trump’s Surprise Pick: Howard Lutnick to Lead Commerce Department

Trump nominates Howard Lutnick as Secretary of Commerce, highlighting his role in economic policy and trade agreements.

MicroStrategy’s Stock Soars 509% in 2024, Thanks to Trump and Bitcoin Boom

MicroStrategy's stock surged 509% in 2024, driven by Bitcoin purchases and the Trump effect, making it a major player in the market.

Hamster Heist: 130 Furry Escape Artists Ground Plane for 5 Days

Over 130 hamsters escaped from a TAP Air Portugal flight, causing a five-day operational halt after an emergency landing.

Topics

Is South Korea’s Economy in Trouble? IMF Sounds the Alarm

The IMF forecasts South Korea's 2024 growth at 2.0%, citing uncertainties and recommending gradual interest rate cuts and structural reforms.

Trump’s Election Sends Global Markets Into Freefall, But Wall Street’s Winning Big

Trump's election victory causes a split in stock markets, boosting Wall Street while global markets struggle amid protectionist policy fears.

Trump’s Surprise Pick: Howard Lutnick to Lead Commerce Department

Trump nominates Howard Lutnick as Secretary of Commerce, highlighting his role in economic policy and trade agreements.

MicroStrategy’s Stock Soars 509% in 2024, Thanks to Trump and Bitcoin Boom

MicroStrategy's stock surged 509% in 2024, driven by Bitcoin purchases and the Trump effect, making it a major player in the market.

Hamster Heist: 130 Furry Escape Artists Ground Plane for 5 Days

Over 130 hamsters escaped from a TAP Air Portugal flight, causing a five-day operational halt after an emergency landing.

Hyundai Makes History: First Foreign CEO Appointed

Hyundai Motor appoints José Muñoz as its first foreign CEO, focusing on global branding and electrification strategies.

China’s Tech Giants On the Hunt for Silicon Valley’s AI Talent

Chinese tech giants like Alibaba and ByteDance are recruiting AI talent from Silicon Valley to enhance their generative AI capabilities.

Tesla Soars 7% as Trump Promises Self-Driving Regulations

Tesla's stock surged over 7% after Trump prioritized easing autonomous driving regulations, boosting hopes for the company's robotaxi plans.

Related Articles