trending Market Intelligence /marketintelligence/en/news-insights/trending/4io-0GWRXIoUm6paAf6mHg2 content esgSubNav
In This List

Ousted South Korean president arrested in corruption investigation

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


Ousted South Korean president arrested in corruption investigation

Ousted South Korean President Park Geun-hye has been arrested as part of an investigation into allegations of bribery and abuse of power, The Wall Street Journal reported March 30.

The arrest comes after a judge for the Seoul Central District Court ruled that the impeached former leader should be detained as prosecutors reportedly had concerns that Park would destroy evidence.

Park is accused of colluding with adviser Choi Soon-sil to pressure companies to donate to foundations set up to back up policy initiatives. Samsung Group boss Lee Jae-yong was recently indicted on bribery charges in connection with the presidential corruption scandal. Park, Choi and Lee have all denied wrongdoing.

The prosecutors will now seek a formal indictment for Park, who became the first South Korean president to be impeached in December 2016. Under South Korean judicial law, the indictment must come within 20 days of Park's confinement.

Prime Minister Hwang Kyo-ahn is serving as acting president until the presidential elections to be held May 9.