S Koreans demand president's removal on New Year's Eve

Image
AP Seoul
Last Updated : Dec 31 2016 | 8:07 AM IST
Even on New Year's Eve, large crowds of South Koreans were expected to join another rally demanding the ouster of impeached President Park Geun-hye, who's determined to restore her powers through a court trial.
Hundreds of thousands were expected to participate in the evening marches near Seoul's presidential palace and the Constitutional Court. Park's supporters are planning their own rallies in nearby streets.
The court has up to six months to decide whether Park should permanently step down over a corruption scandal or be reinstated. The judges said yesterday that Park cannot be forced to testify in the impeachment trial as it enters its argument phase next week.
Protest organisers estimate nearly 9 million people took part in anti-Park rallies nationwide in the previous nine Saturdays. The historically biggest protest movement in the country pushed lawmakers to vote for Park's impeachment on December 9.
State prosecutors have accused Park of colluding with a longtime confidante to extort money and favours from the country's largest companies and allowing the friend to manipulate her administration. Park has apologised for putting faith in her jailed friend, Choi Soon-sil, but has denied any legal wrongdoing.
State prosecutors have now handed over the investigation to a special prosecution team, which has been focusing on proving bribery suspicions between Park and the Samsung Group. The business giant is suspected of sponsoring Choi in exchange for government favours.
Moon Hyung-pyo, the country's former health minister, was arrested early today over allegations that he forced the National Pension Service last year to support a merger between two Samsung affiliates last year.
The deal shaved the fund's stake in one of the companies by an estimated hundreds of millions of dollars in value, but allowed Samsung scion Lee Jae-yong to promote a father-to-son succession of leadership and increase corporate wealth at the group.
Investigators are also looking into allegations that Park's administration blacklisted thousands of artists for their political beliefs.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 31 2016 | 8:07 AM IST

Next Story