Samsung's Korean headquarters raided by police

Samsung just can't seem to keep itself out of hot water these days. On the heels of its chairman's home raid, it now appears that the Samsung Group headquarters have also been the target of a shakedown. Apparently, the flurry of activity is all related to an ongoing probe into accusations that the electronics-maker is responsible for a slush fund used to bribe influential prosecutors, judges, and political figures. The charges are being lobbed by Kim Yong-chul, a former legal affairs official at Samsung, who claims that the conglomerate used some 200 billion won ($215 million) to fund the shady dealings. The company denies the accusations, of course, though Chairman Lee Kun-hee has been convicted of bribery before in Korean courts... so, uh, this isn't looking good.

[BrianB @ Jan 15th 2008 9:29AM]

Wow. Pricey justice in Korea.

[Satish @ Jan 15th 2008 11:12AM]

sounds bad

[freddydobbs @ Jan 15th 2008 9:46AM]

Those koreans I tell ya!

[EMoShunz @ Jan 15th 2008 9:53AM]

as long as it doesn't involve mitsubishi, i need me a laser dlp next year.

[Ellianth @ Jan 15th 2008 10:11AM]

Am I the only one that expected this article to be about their headquarters having cockroaches? lol

[Johan S @ Jan 15th 2008 10:31AM]

I am not defending Samsung. But, the fact is in South Korea to get stuff done you've had to (have to?) bribe someone. I mean, even to do something legitimate, unless you want your paperwork "lost" etc. This problem requires the government to purge itself of being open to bribes and I don't believe Samsung should be punished as much as the government.

Corruption is bad. Those who feed it are doing wrong, but the evil ones are in the government, not necessarily in Samsung. The government officials of South Korea demanding bribes shouldn't be able to schmooze out of this one so easily.

[a ham sandwich @ Jan 15th 2008 10:38AM]

250 BILLION.........................................won.

lol. it sounded like so much!

[Satish @ Jan 15th 2008 11:13AM]

test again

[recon @ Jan 15th 2008 5:23PM]

sooooo, what does this mean for the sales of products to consumers? higher price points?

[carlos @ Jan 15th 2008 7:50PM]

RAID

Kills resistant commercial corperations DEAD.