Australian 10-year bonds extended their slump as Treasuries with a similar maturity headed for a 10th day of declines. That would be the longest streak since 1974.
Category: Park Geun-hye
South Korea special prosecutor: President Park colluded with friend to receive Samsung bribe
Samsung Group chief, Jay Y. Lee arrives at the office of the independent counsel team in Seoul, South Korea, February 19, 2017. South Korea’s President Park Geun-hye colluded with her friend Choi Soon-sil to receive bribes from Samsung Group, which was aimed to cement Samsung Chief Jay Y. Lee’s control of the company, a special prosecutor said in a statement on Monday.
Samsung heir to be indicted on corruption charges
Prosecutors on Tuesday said they will indict Lee Jae-yong, the de facto chief of the giant South Korean conglomerate, on bribery and other charges. His case is part of the huge political corruption scandal that has shaken South Korea.
Samsung de-facto leader formally charged with bribery – CNET
Jay Y. Lee, vice chairman of Samsung, arrives at the Seoul Central District Court on January 18. This week, he was formally charged in connection to the political scandal in the country. South Korea’s case against Samsung’s de facto leader just got more serious, threatening the company’s succession plan.
This Currency Reigns Supreme in Asian Emerging-Market Plays
As the most sensitive emerging Asian currency, South Korea’s won provides the best proxy for investors looking to bet on how the region reacts to U.S. President Donald Trump. The currency’s volatility is 11 percent for the past year, more than all of its peers in the region, including the Malaysian ringgit and Indonesian rupiah, according to data compiled by Bloomberg.
South Korea Prosecutor Seeks Arrest of Samsung’s Jay Y. Lee
Prosecutors are seeking a warrant to arrest Samsung Group’s Jay Y. Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family groomed for decades to take over the company from his father. Samsung Electronics Co.