Seoul court extends ex-president's detention

South Korean President Park Geun-hye

A South Korean court on Friday made a decision to extend the detention of impeached President Park Geun-hye who has been in custody and stood trial over corruption charges including bribery.

Park will be detained for another six months as her previous arrest warrant is set to expire on Monday.

Former President Park Geun-hye walks into a courthouse in southern Seoul on October 13, 2017, to stand trial for bribery and abuse of power. She stands accused of colluding with her longtime friend Choi Soon-sil in taking some 43 billion won (US$37 million) from top conglomerates, including Samsung, and letting her friend meddle in state affairs.

Choi has also been detained for months while on trial for multiple charges including coercion and bribery.

The court has held 80 trial sessions for Park's case since May - four sessions every week since June. There are about 300 more witnesses to call in, including the heads of LG Group, GS and Hanjin Group. It is not certain whether a ruling on Park can be reached within this year.

She was taken into custody in March after the constitutional court approved her impeachment over a corruption scandal.

But the scandal that emerged late past year unleashed nationwide fury, even among many of her conservative supporters.

Meanwhile, Samsung Electronics Vice Chairman Lee Jae-yong had his first appeal trial on Thursday.

Lee was sentenced in August to 5 years in prison after being convicted of a string of crimes, including bribery, embezzlement and perjury.

Park, in return for the bribes, is suspected of pressuring the nation's state-run pension agency to back the 2015 merger of two Samsung affiliates, which was seen as a vital step for Lee to tighten his control over the conglomerate.

Related News:

  • Kim Kardashian Clears Up Rumors About North & Saint's Relationship

    Kim Kardashian Clears Up Rumors About North & Saint's Relationship

    When I was breastfeeding him, she was so jealous I had to get a little milk box and put it in the other bra with a straw. Kim recently told Ryan Seacrest that North tries to "outsmart" her by acting like she just wants to be around females.
    Hays plc (HAS) PT Raised to GBX 195 at Kepler Capital Markets

    Hays plc (HAS) PT Raised to GBX 195 at Kepler Capital Markets

    It increased, as 41 investors sold Hays plc shares while 168 reduced holdings. 6 funds opened positions while 18 raised stakes. Tradewinds Capital Mgmt Limited Liability Company holds 0.05% of its portfolio in Allstate Corp (NYSE:ALL) for 1,045 shares.
    Guardiola named Barclays Manager of the Month

    Guardiola named Barclays Manager of the Month

    As well as leading the Premier League, they are top of their Champions League group with two wins from two matches and through to the Carabao Cup last 16.
  • Percent Support Stricter Gun Laws After Vegas Massacre

    Percent Support Stricter Gun Laws After Vegas Massacre

    In addition, 73 percent favored banning bump stocks, which allow semiautomatic weapons to fire more like automatic ones. Background checks have wide support among Americans at 94 percent, the Quinnipiac poll found.
    Bank of America profit rises 15% on lower costs

    Bank of America profit rises 15% on lower costs

    The results beat Wall Street analysts' expectations, which were looking for a profit of 46 cents per share, according to FactSet. Buffett has publicly praised Bank of America chief Brian Moynihan and said his firm plans to be a shareholder for a long time.
    Teenager arrested for alleged links to terrorist cells

    Teenager arrested for alleged links to terrorist cells

    He said that all of them had been directed to infiltrate into various countries worldwide to launch attacks on behalf of Daesh. One has been detained under Malaysia's Prevention of Terrorism Act, while 12 suspects are still under investigation.
  • Juncker Says Does Not Want Catalan Independence

    Juncker Says Does Not Want Catalan Independence

    After consideration, it was decided not to respond to the request of Spanish Prime Minister Mariano Rajoy. The Catalan government has not given any signal of what it intends to do.
    Goldman Sachs Group Inc (GS) Upgraded to Sell at Vetr Inc

    Goldman Sachs Group Inc (GS) Upgraded to Sell at Vetr Inc

    YorkBridge Wealth Partners LLC boosted its holdings in shares of Goldman Sachs Group, Inc. (The) by 10.7% in the first quarter. Ig Investment invested 0.46% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). (The) by 35.7% in the second quarter.
    STUD OR DUD? Aston Martin Reveals The V8 Powered DB11 Volante Convertible

    STUD OR DUD? Aston Martin Reveals The V8 Powered DB11 Volante Convertible

    Room for personalisation and options on the DB11 Volante seems endless, with 70 individual options for DB11 Volante customers. Thorough testing procedures were conducted in order to extend the lifespan of the fabric roof and minimize wear and tear.
  • Cypress Semiconductor Corporation (NASDAQ:CY)

    The Firm is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock.

    Commerce Bancshares, Inc. (CBSH) Holdings Trimmed by Walthausen & Co. LLC

    It has outperformed by 2.81% the S&P500. 499.72 million shares or 1.80% less from 508.89 million shares in 2017Q1 were reported. Public Employees Retirement Association of Colorado raised its stake in Commerce Bancshares by 0.3% during the second quarter.
    Bank of America Corporation Announces 15% Increase In Q3 Earnings

    Bank of America Corporation Announces 15% Increase In Q3 Earnings

    This represents a $0.48 annualized dividend and a yield of 1.89%. 90 funds opened positions while 170 raised stakes. The Fuller & Thaler Asset Management Inc holds 2.25M shares with $125.37 million value, up from 2.24M last quarter.


Most liked

S Korea, China renew United States dollars 56 bn currency swap deal despite
The agreement douses speculation that negotiations had been bogged down by a dispute over the installment of a U.S. THAAD missile defense battery in South Korea.

Thrivent Financial For Lutherans Has $685000 Holdings in Dollar General Corporation (DG)
Finally, Epoch Investment Partners Inc. boosted its stake in shares of Dollar General Corporation by 7,543.4% in the 1st quarter. Sands Capital Mgmt Limited Company has 18,222 shares for 0% of their portfolio. 3,000 were reported by Federated Investors Pa.

Zlatan Ibrahimovic trains at Carrington ahead of Liverpool clash
The agent of reported Manchester United and AC Milan target Pietro Pellegri has compared his client to Zlatan Ibrahimovic . Giuseppe Riso told Italian newspaper Secolo XIX : "I am not in contact with anyone at the moment".

Sen. Collins to announce this morning whether she will run for governor
The Republican senator said she made her decision based on where she could do the most for ME and the country. Collins, 64, is popular in the state, having won re-election in 2014 with 68 percent of the vote.

Google Pixel 2 Launcher now available to Download
Further, the At a Glance widget remains in the homepage itself whereas the Google Search Bar is displayed on all the pages. Better yet, it's based on an APK file that you can install just like a regular app - no root required.

Is this the name Virat Kohli adoringly calls girlfriend Anushka?
One thing that catches our attention in the video is Virat saying " Nushkie is very honest ", as he talkis about Anushka. While one wins hearts with his bat, alternate leaves all entranced with his holding exhibitions in motion pictures.

Police search for Dodge County Jail inmate
If you see Farber, the sheriff's office says to call 911 immediately. Law enforcement searched the area but could not locate the inmate.

Clemson Tigers at Syracuse Orange
Syracuse is led on defense by Zaire Franklin and Parris Bennett, two of the best linebackers in the Atlantic Coast Conference. The Hokies were favored by just over 20 points in that one and Clemson is a 22 1/2-point favorite for this matchup.

European Space Agency Launches Satellite on Mission to Monitor Global Air Quality
The Sentinel-5P satellite is designed for a mission life of about seven years but carries enough fuel to last a decade, ESA officials said.

United Kingdom 'will have to pay' for leaving European Union , says Juncker
In a debate at a university in his native Luxembourg, Juncker was brutally honest in his assessment of the Brexit talks.

Points: Jets Take On Patriots at MetLife
The Jets reached the AFC Conference Championship in back-to-back years in 2009 and 2010 but haven't reached the playoffs since. On defense, the Jets have over-performed so far and are 11th in stopping their opponents on third down and 10th in turnovers.

Apache Corporation (APA) PT Set at $45.00 by BMO Capital Markets
BidaskClub raised Apache Corporation from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th. The energy company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.08.

United Continental Holdings, Inc. (UAL) — Hot Trending Stock
Other institutional investors have also bought and sold shares of the company. 73 funds opened positions while 141 raised stakes. Technical analysts may be interested in how United Continental Holdings (UAL) is trading in relation to some moving averages.

Dean Capital Management Buys New Position in First Financial Bancorp. (FFBC)
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Zacks Investment Research upgraded First Financial Bancorp. from a "sell" rating to a "hold" rating in a report on Tuesday.

Only 3% of Americans own half of the nation's guns
Dallas Taylor, a University of Southern Mississippi sophomore sports coaching major, affirmed this side of the gun control debate. One segment deals with how and why research into the public health implications of gun violence was halted in the '90s.