South Korea

Former Samsung boss sentenced for tax evasion

Seoul - The former chairman of the South Korean Samsung Group, Lee Kun Hee was sentenced Wednesday to a suspended three-year prison term for tax evasion. 

A district court in the capital Seoul also acquitted Lee, once the most powerful tycoon in South Korea, of charges of breach of trust, the official Yonhap news agency said. 

Lee, 66, was accused of being responsible for share transactions in the mid-1990s that illegally transferred powers in the company to his son Lee Jae Yong. 

Korean driver accused of wiping out Cambodian family

Phnom Penh - A Korean driver killed five members of one Cambodian family while speeding under the influence of alcohol, police said Monday.

Police said grandparents Yiet Tann, 44, Chrun Kimsry, 43, and their daughter Yeit Srey Sros, 24, died instantly when the unnamed Korean collided with their motorbike late Saturday, and Sros' daughters Hun Phalnyta, four, and baby Hun Phalnyta died in hospital.

Hyundai chief handed suspended sentence

Seoul  - Hyundai Motor chairman Chung Mong Koo was handed a suspended three-year jail sentence for embezzlement and breach of trust by the Seoul High Court on Tuesday, reported local media.

Seoul's high court repeated its earlier ruling after the Supreme Court ordered a retrial in April, throwing out a suspended three-year jail sentence handed to Chung in 2007. Prosecutors had sought a jail sentence of six years.

Samsung's chairman resigns after indictment

Samsung Group chairman Lee Kun HeeSeoul - Samsung Group chairman Lee Kun Hee on Tuesday announced his resignation less than a week after he was indicted for tax invasion and breach of trust.

Lee, 66, apologized for the aggravation that the investigation of South Korea's largest conglomerate had caused.

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