Seoul court extends ex-president's detention

Seoul court extends ex-president's detention

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:

  • BBC ordered to air more homegrown content

    BBC ordered to air more homegrown content

    Kevin Bakhurst, Ofcom Content and Media Policy Director, said: "The BBC is the cornerstone of United Kingdom broadcasting". Ofcom has also called for the BBC to provide regular and detailed updates on its progress in improving diversity.
    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.
    Sudden disasters leaving 14 million homeless yearly

    Sudden disasters leaving 14 million homeless yearly

    According to Alexandra Bilak, director of IDMC, said the world today is seeing an all-time high of internally displaced, refugees and migrants.
  • 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.
    BB&T Securities LLC Boosts Stake in Automatic Data Processing (ADP)

    BB&T Securities LLC Boosts Stake in Automatic Data Processing (ADP)

    The stock of Synopsys, Inc. 07/11/2016 - Automatic Data Processing, Inc. was upgraded to "outperform" by analysts at Sanford C. On average, equities research analysts expect that Automatic Data Processing will post $3.71 EPS for the current fiscal year.
    Only 3% of Americans own half of the nation's guns

    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.
  • Clemson Tigers at Syracuse Orange

    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.

    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.
    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.
  • 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.

    Stock is up at $261.44 (BA) Boeing, Air India Celebrate Airline's…

    For BA, the company now has $8.74 Billion of cash on the books, which is offset by $720 Million current liabilities. On July 27 the stock rating was upgraded from "Neutral" to "Sector Perform" in a statement from Credit Suisse.
    No Rohingya Muslim refugee should be deported until November 21

    No Rohingya Muslim refugee should be deported until November 21

    The Rohingya refugees, a persecuted community of Muslims from Myanmar have fled the country in large numbers. They are largely located in Jammu, Hyderabad, Haryana, Uttar Pradesh, Delhi-NCR and Rajasthan.


Most liked

Chris Martin and Dakota Johnson Spotted on Sushi Dinner Date
An eyewitness revealed, "They seemed to really be enjoying each other's company", and they spent about two hours together. Dakota, who starred in the saucy Fifty Shades movies with Jamie Dornan, was last linked to model/rocker Matthew Hitt.

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.

US Soybean Crop Expected to be a Record
Meanwhile, the USDA estimated Corn stocks at 2.34-B bu, compared with its prior estimate of 2.335-B bu last month. Analysts expect the government to raise its estimates of the US soybean yield and harvested acreage.

Michael Kors Holdings Ltd (KORS) Releases Earnings Results
The Company's nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution and ammonium nitrate (AN). Twin Capital Management Inc. raised its position in shares of Michael Kors Holdings by 0.8% in the first quarter.

Mirabelli hopes Belotti will eventually join AC Milan
Chelsea fans will be hoping they can persuade the former Juventus boss to remain London, after the enormous impact he's had in his short spell at the club.

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.

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.

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.

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.

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.

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.

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.

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.

Hot Stocks Among Investors: Valeant Pharmaceuticals International, Inc. (VRX), QVC Group (QVCA)
ILLEGAL ACTIVITY WARNING: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. Following the purchase, the director now owns 70,572 shares of the company's stock, valued at approximately $980,950.80.

Prince Harry Shares How Princess Diana Fought Homophobia At 25 Years Old
Princess Diana was posthumously awarded the Attitude Legacy Award , presented in the 20th anniversary year of her death.