South Korea: Parliament to question officials from pension service on scandal

Author(s): UNK | Date: November 28, 2016 | Language: English
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South Korea’s ruling and opposition parties on Monday agreed to question officials from the National Pension Service (NPS) amid allegations that the presidential office exerted influence on the country’s top institutional investors to back Samsung Group’s merger deal.
The move came after parliament earlier decided to summon top officials from major conglomerates to investigate their connection to Choi Soon-sil, a long-time confidante of President Park Geun-hye who exerted influence on state affairs, controlling the business and cultural realms.
Choi Kwang, a former chairman of the board of the NPS, and Hong Wan-sun, a former head of the fund operation division will be questioned. The decision will be officially adopted on Tuesday.
Political parties also agreed to summon one of the top Samsung executives and a former director of the national equestrian team for questioning.

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