Posco chief executive Kwon Oh-Joon was grilled overnight about allegations surrounding the 2014 sale of the company's in-house advertising unit. Kwon was the first head of a major South Korean conglomerate to be questioned over the scandal centred on Park's close personal friend Choi Soon-Sil. Prosecutors are investigating allegations that Choi, 60, leveraged her personal ties with Park to coerce donations from large companies like Samsung and Posco to non-profit foundations which she set up and used for personal gain. Park Sang-Jin, a Samsung Electronics' president for corporate relations, was also questioned Saturday about reports that Samsung Electronics may have funnelled as much as 2.8 million euros ($3.1 million) to Choi to bankroll her daughter's equestrian training in Germany. Park was quizzed four days after prosecutors raided Samsung Electronics' headquarters in Seoul.

Source: The Nation Bangkok November 12, 2016 09:02 UTC