Contact Us

1-800-793-0471

REQUEST A QUOTE

Contact details:

Would you like more information about us?

Yes! No thank you.
Your message has been sent successfully. Close this notice.

REQUEST A QUOTE

Would you like more information about us?

Yes, Please. No Thank You.
Your Contact Form has been sent successfully. Close this notice.
8 years ago · by · 105 comments

Former South Korean President Arrested

Former South Korean President Park Geun-hye was arrested  on charges related to the bribery scandal that led to her impeachment.   Park faces 13 charges in total, including bribery, abuse of power and the leaking of state secrets. She has not been formally indicted yet but prosecutors can detain her for up to 20 days before formally charging her.

Park was removed from office March 10th, stripping her of presidential immunity after South Korea’s Constitutional Court upheld a decision to impeach her for alleged corruption.

The scandal has dominated the headlines in South Korea since late last year and sparked mass protests, many calling for her impeachment.  The controversy centered around Park’s friend and close adviser, Choi Soon-sil, who is alleged to have had significant and inappropriate influence over the former president. Choi is on trial for abuse of power and fraud.

Among other accusations, Park is accused of helping extort some $38 million from Samsung and a total of $70 million from South Korean companies for the private slush fund of her friend and confidant Choi Soon-sil.  Park is also accused to leaking state secrets to Choi. Lee Jae-yong, the former head of Samsung is also being held in connection to the same corruption scandal. Lee is accused of approving the millions in bribes to Choi.

The former president continued to deny all wrongdoing during a 14-hour interrogation last week, leading prosecutors to ask for a warrant for her arrest. They said they were concerned Park would destroy evidence if she remained at large.  The 65-year-old former president was taken to a detention center outside Seoul, the same detention center where Choi Soon-Sil and  Lee Jae-yong, the de facto head of Samsung are both being held. If convicted, Park could face up to 10 years in prison.

Park becomes the third former president in South Korean history to face the possibility of a prison sentence. Two other former leaders, Chun Doo-hwan and Roh Tae-woo, were charged with improperly collecting millions from businesses while in office.  Both were later pardoned after short jail stints.

Seoul Central District Prosecutor’s Office released a statement regarding the arrest.  “The suspect abused the mighty power and position as President to take bribes from companies and infringed upon the freedom of corporate management and leaked important confidential official information.”

Park Geun-hye was the nation’s first female president and the daughter of the former president Park Chung-hee.  Park’s mother was killed in 1974 in an assassination attempt that targeted her husband.  Park was regarded as First Lady after her mother’s death.  Park’s father, Chung-hee, was gunned down by his own intelligence chief in 1979.  After her father’s killing, Park Geun-hye left the presidential Blue House and secluded herself from the public eye.  She entered politics in the late 1990s — when public nostalgia for her father emerged after the country’s economy was hit hard by the Asian financial crisis.

Read more

8 years ago · by · 0 comments

South Korea’s President Impeached

South Korea’s Constitutional Court removed President Park Geun-hye from office over charges of bribery and corruption. The unanimous ruling strips Park of immunity from prosecution, meaning she could face criminal charges. Ms. Park’s powers were suspended in December after a legislative impeachment vote.

Eight justices of the Constitutional Court unanimously decided to unseat Ms. Park for committing “acts that violated the Constitution and laws” throughout her time in office, Acting Chief Justice Lee Jung-mi said in a ruling that was nationally broadcast that Ms. Park’s acts “betrayed the trust of the people and were of the kind that cannot be tolerated for the sake of protecting the Constitution.”

Ms. Park, 65, now faces prosecutors seeking to charge her with bribery, extortion and abuse of power in connection with allegations of conspiring with her childhood friend, Choi Soon-sil, to collect tens of millions of dollars in bribes from companies like Samsung.

Samsung Group scion Lee Jae-yong was arrested on bribery charges in February.  He is accused of paying $36 million in bribes to President Park Geun-hye’s confidante, Choi Soon-sil, in return for political favors. Those are alleged to include government support for a merger of two Samsung affiliates in 2015 that helped Mr. Lee, 48, inherit corporate control from his incapacitated father, Lee Kun-hee, the chairman.

Park’s removal capped months of turmoil, as hundreds of thousands of South Koreans took to the streets, week after week, to protest the sprawling corruption scandal and demands for her arrest.  Acting President Hwang Kyo-ahn: “In order to stop internal conflicts from intensifying, we should manage the social order and keep a stable government, so that national anxiety and the international society’s concern can be settled.”

Park Geun-hye was the nation’s first female president and the daughter of the Cold War military dictator Park Chung-hee.  She had been an icon of the conservative establishment that joined Washington in pressing for a hard line against North Korea’s nuclear provocations.

After December’s impeachment vote, she continued to live in the presidential Blue House while awaiting the decision by the Constitutional Court. The house had been her childhood home since the age of 9.  She left nearly two decades later after her mother and father were assassinated in separate incidents.

Park is now South Korea’s first democratically elected leader to be forced from office.  Her removal comes amid rising tension with North Korea and China.  A new election will be held in 60 days.

The upheaval comes days after North Korea test-fired several ballistic missiles and as the Trump administration began deploying a missile defense system to South Korea. Chinese officials warn the U.S. is escalating a regional arms race.  Park’s conservative party losing power could mean South Korea’s next leader will take a more conciliatory approach toward North Korea.

Read more

Over 25 Years of Experience!

* State specific differences may apply to each insurance carrier or benefits provider, and each entity is responsible for their own contractual and financial obligations. Insurance products offered through HI4E.Org, Health & Life Solutions, LLC, and Health Insurance 4 Everyone, are not available to residents of New York or Oregon.

Get Social with us!

hi4e-800-number