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South Korea panel to recommend prosecutors stop investigating Samsung heir Lee over sedative allegation
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South Korea panel to recommend prosecutors stop probing Samsung heir Lee over sedative allegation
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Row over reshuffle
President hit for sidelining senior presidential secretary
President Moon Jae-in should be held accountable for the unilateral reshuffling of senior prosecutors without having any consultations with Shin Hyun-soo, the senior presidential secretary for civil affairs. It is embarrassing to know that Shin has repeatedly offered to resign to protest the reshuffle, which Moon has rejected each time. But Shin must have felt that he was sidelined in the decision-making process.
The President has the right to appoint and reshuffle prosecutors at the recommendation of the justice minister. Yet the senior civil affairs secretary has traditionally played a key role in the prosecution s personnel affairs. In this regard, it is difficult to understand why Moon disregarded him in conducting a small-scale reshuffle of senior prosecutors, Feb. 7.
Posted : 2021-02-17 17:14
Updated : 2021-02-19 18:48
President Moon Jae-in, front left, and Shin Hyun-soo, far right, senior presidential aide for civil affairs, show their respect for the national flag ahead of a Cabinet meeting along with other participants at Cheong Wa Dae, Feb. 16. Korea Times photo by Wang Tae-seok
By Do Je-hae
The conflict between the ruling bloc and the prosecution is showing no signs of subsiding even after the resignation of former Justice Minister Choo Mi-ae, with fresh feuds rising over the latest reshuffle of senior prosecutors conducted by new Justice Minister Park Beom-kye.
The clash has expanded to Cheong Wa Dae, with Shin Hyun-soo, senior presidential secretary for civil affairs who oversees matters related to the prosecution, expressing his intention to resign in protest of being left out of the personnel decisions by the new justice minister. Shin is the first prosecutor to be appointed to the post under the Moon Jae-in administration.
Kyobo gains edge in battle with Deloitte
Posted : 2021-01-20 16:56
Updated : 2021-01-20 17:31 Kyobo Life Insurance Chairman Shin Chang-jae, left, and Deloitte Anjin CEO Hong Jong-sung / Courtesy of each firm
By Lee Min-hyung
Kyobo Life Insurance has gained an edge in a months-long legal dispute with Deloitte Anjin, after prosecutors indicted three Deloitte accountants for allegedly colluding with the insurer s financial investors to distort Kyobo s estimated stock price before its initial public offering (IPO).
Kyobo expected prosecutors to have discovered evidence of the alleged collusion between the accountants and executives of the consortium.
The legal battle started in April 2020 when Kyobo accused the accounting firm of unfairly and insincerely valuating the insurer at the request of a consortium led by Affinity Equity Partners. The consortium is Kyobo s second-largest shareholder, which acquired a 24.01 percent stake in the insurer in 201
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