S.Korea court issues arrest warrant for pension chief in corruption scandal

By REUTERS
December 31, 2016 02:14

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

A South Korean court issued an arrest warrant for the head of the national pension fund, the world's third largest, early on Saturday in a corruption scandal that has led to President Park Geun-hye's impeachment, an official said.

A special prosecutor probing the wide-reaching scandal has sought the arrest of the National Pension Service (NPS) Chairman Moon Hyung-pyo on charges of abuse of power and perjury.

The Seoul Central District Court issued the warrant saying evidence supported the charges against Moon, an official at the court said but did not provide further details.

The special prosecutor's office said on Thursday Moon had acknowledged that he had pressured the fund to approve an $8 billion merger between two Samsung Group units last year while he was Health and Welfare Minister.

Related Content

Breaking news
August 17, 2018
Report: Seven injured, two critically, in Gaza border clashes

By JERUSALEM POST STAFF