SEOUL—Former South Korean President Lee Myung-bak was arrested for alleged graft after a court on Thursday approved an arrest warrant, making him the country’s latest ex-leader to face corruption charges. DAS Corp. is a South Korean car-parts maker that is majority owned by Mr. Lee’s brother, according to stock filings. Mr. Lee is also accused of siphoning funds from DAS, according to court documents. Mr. Lee and his supporters have accused current President Moon Jae-in’s administration of orchestrating a politically motivated investigation. Two other former South Korean presidents were convicted on charges including graft after leaving office.

Source: Wall Street Journal March 22, 2018 16:30 UTC