Filed under: Misc. Gadgets

digg_url = ‘http://digg.com/tech_news/Samsung_CEO_resigns_supporters_riot’; Think you’re a fanboy? Supporters of the Samsung Group gathered for a rally during a press conference held by Kim Yong-chul, a lawyer calling for punishments to be handed out to disgraced company CEO Lee Kun-hee. During the proceedings, supporters burned pictures of Kim and generally made Apple and Microsoft fanatics look like choir boys on especially good behavior. Now that’s dedication.

[Thanks, Dooder; Image courtesy AP Photo/Ahn Young-joon]

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Oh noes. An independent investigation launched last week into an alleged multi-million-dollar slush fund has raided the homes of Samsung chairman, Lee Kun-Hee, and six other Samsung execs. The chairman and the executives are already banned from leaving the country. The investigation saw some 50 investigators seize documents and a laptop from Lee’s Seoul villa after a search lasting several hours. Samsung, for its part, has denied the long whispered bribery claims, made formal by its former chief lawyer last year.

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Filed under: Misc. Gadgets

We’re not sure what Samsung did to invite the wrath of Kim Yong-chul, nevertheless, the former Samsung legal executive is blowing his whistle… again. In a national news conference televised in South Korea this morning, Kim stated that “Samsung has created a large-scale slush fund” valued at some 200 billion won (about $216 million). According to Kim, the fund was used to routinely bribe prosecutors and politicians in hopes of making the investigations into Samsung’s improprieties go away. Last week, South Korea’s parliament voted to allow an independent counsel to investigate the Samsung group in addition to improper payments — including a congratulatory election victory “gift” — made to South Korea’s residing president, Roh Moo-hyun. Roh, who denies the allegations, is considering vetoing the bill according to a statement made by his office. Unlike typical boasts of Samsung world’s firsts, this certainly isn’t the first case of a corporate slush fund. However, with Samsung controlling 20% of South Korea’s GDP, it has legs to become the world’s most notorious case of politcal-industrial corruption in recent years.

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Filed under: Misc. Gadgets

It’s embarrassing enough to be embroiled in scandal after scandal, particularly if you’re Samsung, whose identity is indelibly linked with that of the proud, South Korean nation (and responsible for 20% of its imports). Now this, photographic evidence of an alleged bribe from Lee Kyung-hoon, a former in-house lawyer for Samsung Electronics, as proof of Samsung’s nefarious efforts to coerce government officials into glossing over past, corporate indiscretions. The 5 million won (about $5,450) bribe disguised as a book was supposedly given to Lee Young-chul, the former Secretary to the South Korean president, Roh Moo-hyun, for Legal Affairs, on January 26, 2004. He gave it back, one month later. The evidence was presented today by the “People’s Action” civil group in the hopes that the government would open an independent counsel to probe the activities of Samsung and its chairman, Lee Kun-hee.

[Via Chosun, thanks Soc Gi]

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Filed under: Misc. Gadgets

It’s no secret that Samsung and scandal have gone hand-in-hand in the past, but apparently, the latest one has been of particular significance in the firm’s homeland. The most recent incident involves Kim Yong-chul, a former top Samsung lawyer, who went public this month with claims that Chairman Lee Kun-hee and other officials “masterminded a campaign to raise slush funds to pay prosecutors, judges and lawmakers and influence a high-profile court case.” In response, independent prosecutors were called in to investigate the allegations of “bribery and policy manipulation,” and not surprisingly, Samsung has reportedly fired back calling the proclamations “groundless and false.” It should be noted that no “substantiating evidence” has been provided thus far, but analysts are already suggesting that these assertions, if proven legitimate, could even play a role in the nation’s upcoming presidential election.

[Via BusinessWeek, image courtesy of Forbes]

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