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South Korean firms face rare corruption hearing | South Korean firms face rare corruption hearing |
(about 2 hours later) | |
South Korean lawmakers are questioning leaders of the country's biggest businesses in a rare televised hearing as part of a huge corruption inquiry. | |
Samsung, Hyundai Motor and six other firms face accusations they gave millions of dollars to funds linked to President Park Geun-hye in exchange for favours. | Samsung, Hyundai Motor and six other firms face accusations they gave millions of dollars to funds linked to President Park Geun-hye in exchange for favours. |
Ms Park faces impeachment proceedings in relation to the scandal. | Ms Park faces impeachment proceedings in relation to the scandal. |
Massive protests have been held in recent weeks demanding her resignation. | |
The executives are being questioned by a cross-party committee of lawmakers. The panel has no power to punish but its chairman has said the hearing will be a place for apology. | |
The conglomerates all gave large donations to non-profit foundations operated by Choi Soon-sil, a close confidante of Ms Park. | The conglomerates all gave large donations to non-profit foundations operated by Choi Soon-sil, a close confidante of Ms Park. |
Ms Choi has been charged with coercion and attempted fraud. | Ms Choi has been charged with coercion and attempted fraud. |
Prosecutors have alleged that the businesses gave the donations in exchange for political favours and have conducted several raids on them and related government entities. | |
They have also alleged that Ms Park had a "considerable" role in the scandal, which she has denied. | They have also alleged that Ms Park had a "considerable" role in the scandal, which she has denied. |
Hard questions: Stephen Evans, BBC News, Seoul | |
These are men who never appear in public if they can help it. They normally live in an enclave of power and wealth, hidden behind the shaded glass of chauffeur-driven black cars. | These are men who never appear in public if they can help it. They normally live in an enclave of power and wealth, hidden behind the shaded glass of chauffeur-driven black cars. |
But they filed in, each in their corporate uniform of a dark suit. They raised their right hands and promised to tell the truth. And then they were subject to what they are not used to: hard questions which some might deem impertinent. | |
The hearing has the air of a spectacle because press photographers have been allowed to stay and they crane towards the business titans from ladders, constantly firing off loud barrages of clicks. | |
The head of Samsung, Lee Jae-yong, seemed discomfited by questioning. His eyes moistened when his bed-ridden father was mentioned. And he gulped when asked how much inheritance tax he had paid. He didn't know, he said. | |
He did defend donations to funds controlled by a friend of the president. His company often gave money to what seemed like a good cause. | |
Lawmakers spent the most time grilling Mr Lee, who is running Samsung in lieu of his father who is ill. | |
Samsung has been accused of giving donations in exchange for support of a controversial merger that effectively strengthened Mr Lee's position in the company. | |
Like the other leaders questioned, he denied the allegations. | |
"There are often requests from various parts of society including for culture and sports," Mr Lee was quoted as saying by Reuters. | |
We have never contributed seeking quid pro quo. This case was the same." | |
South Korea's family-owned conglomerates, known as chaebols, have increasingly been perceived as a symbol of the out-of-touch elite and become a target of public fury. | |
Over the weekend tens of thousands of protesters staged the latest in a series of demonstrations in Seoul calling for Ms Park to leave office and to express anger at chaebols. | |
Ms Park has apologised multiple times to the public for allowing Ms Choi inappropriate access to government decisions but has stopped short of resigning. | |
Last week she said she would leave it up to parliament to decide whether to remove her from office. | Last week she said she would leave it up to parliament to decide whether to remove her from office. |