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Samsung’s HQ raided over domestic scandal

The Samsung Galaxy Note 7 debacle: A timeline

Samsung is traffic with nonetheless another bomb problem.

Prosecutors raided a company’s domicile in Seoul on Tuesday in tie with an abuse-of-power liaison that’s engulfing a South Korean government.

The prosecutor’s bureau pronounced it is questioning Samsung (SSNLF) over probable links to a box involving President Park Geun-hye and her tighten confidante Choi Soon-sil. Park is indicted of vouchsafing Choi, who does not reason an central supervision post, perspective trusted papers and presidential speeches.

Related: South Korea presidential scandal: What we need to know

Local media and antithesis parties have indicted Choi of regulating her attribute with Park to amass millions of dollars in donations to her foundations. Samsung, a country’s biggest company, is purported to have been among a contributors.

South Korean news group Yonhap reported that prosecutors are looking into either Samsung illegally funneled some-more than $3 million to a association owned by Choi, allegedly to account her daughter’s equestrian training in Germany.

Samsung and a prosecutor’s bureau declined to criticism on a allegations reported by Yonhap.

south korea boss park protests
Thousands of South Koreans demonstrated in Seoul on Saturday, perfectionist a abdication of President Park Geun-hye.

The flourishing domestic firestorm has engulfed Park’s administration, spurring tens of thousands of protesters to take to a streets perfectionist her resignation.

Two of a president’s former aides have been arrested. And prosecutors released a aver for Choi final week on charges of abuse of energy and attempted fraud.

Park apologized twice for a scandal, progressing she wasn’t being tranquil by anyone, and sacked her primary apportion final week.

Related: Note 7 predicament wipes out roughly all of Samsung’s mobile profits

Meanwhile, Samsung is still disorder from a annoying failure involving a fire-prone Galaxy Note 7 smartphone.

The tech hulk killed off a Note 7 final month after steady reports of a device ripping into flames. That predicament has already wiped out some-more than $5 billion in profit for a company.

In South Korea, Samsung is some-more than only a smartphone manufacturer. The firm accounts for a large cube of a country’s economy, reaching into many tools of South Koreans’ lives. There are Samsung hospitals, entertainment parks, unit complexes and even a dog adoption center.

— Paula Hancocks and Jungeun Kim contributed to this report.

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