Business World

South Korea’s Park indicted for bribery

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SEOUL — Ousted South Korean President Park Geun-Hye was on Monday charged with bribery involving millions of dollars over the massive corruption and influence-peddling scandal that brought her down.

Ms. Park, whose impeachmen­t was confirmed by Seoul’s top court last month, is at the center of a sprawling graft investigat­ion, which has also implicated top businessme­n and brought millions of people onto the streets.

The former leader, already detained at a center near Seoul, also faces charges of abusing her powers and leaking state secrets, Seoul prosecutor­s probing the scandal said in a statement.

“We have formally charged Park... with multiple offenses including abuse of power, coercion, bribery and leaking state secrets,” they said after wrapping up the months-long investigat­ion.

Ms. Park is accused of colluding with her confidante at the heart of the scandal, Choi Soon-sil, who is already on trial for coercing local conglomera­tes into donating a total of 77.4 billion won ($68 million) to two non-profit foundation­s.

Ms. Choi allegedly used some of the donations for personal gain.

Ms. Park is also accused of offering policy favors to top businessme­n who enriched Ms. Choi, including Samsung heir Lee Jae-Yong who was arrested earlier and is also on trial for bribery.

Prosecutor­s on Monday also charged Shin Dong- Bin, the chairman of the retail giant Lotte Group, with bribing Mmes. Choi and Park. Mr. Shin allegedly offered seven billion won ($6.15 million) to a sports foundation linked with Ms. Choi in exchange for a policy favor from Ms. Park over Lotte’s dutyfree business.

Ms. Park, 65- year- old daughter of the late former dictator Park Chung- Hee, spent nearly two decades living in Seoul’s sprawling presidenti­al palace, before the allegation­s of corruption engulfed her presidency late last year.

The scandal sent her once bullet proof approval ratings to record lows with millions taking to the streets for months calling for her ouster, though she also had a loyal following from groups of mainly older rival protesters.

Her father is widely revered by aged, conservati­ve South Koreans who benefited from the rapid economic growth under his iron-fisted rule from 1961 to 1979.

Parliament impeached Ms. Park last December and she lost her executive privilege — including protection from criminal indictment — last month when the Constituti­onal Court confirmed her impeachmen­t, sending her into detention.

The scandal also shed light on her questionab­le, decadeslon­g ties to Ms. Choi and Ms. Choi’s father, a shady religious figure who wielded huge influence on Mr. Park from the 1970s until his death in 1994.

Ms. Park is accused of leaking state secrets to Ms. Choi, a high school graduate with no title or security clearance, and letting her handle a wide range of state affairs including senior nomination.

A number of former presidenti­al aides are on trial for leaking confidenti­al state documents to Ms. Choi or helping her handle state affairs allegedly on Ms. Park’s order.

Ms. Park has repeatedly apologized for the upset caused by the scandal but never admitted any wrongdoing, blaming Ms. Choi for abusing their friendship. Her indictment comes as the country kicks off off icial campaignin­g for May 9 presidenti­al elections to choose her successor.

Ms. Park is the third former leader to be arrested and charged over corruption in Asia’s fourthlarg­est economy long plagued by cozy and corrupt ties between big businesses and regulators. —

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