Choi Soon-sil Accused of Advocating to Not Bail Hanjin Shipping from Bankruptcy

Is there anything Choi Soon-sil is not linked to at this point?:

Did scandal-mired Choi Soon-sil play a role in sinking Hanjin Shipping?

Rumors are rife that the shadowy confidant of President Park Geun-hye was an “invisible hand” blocking creditors’ financial aid to the troubled shipping company.

Pressed by snowballing debts, the nation’s No.1 shipper filed for court receivership in August, triggering chaos in the global maritime cargo transportation network. The company has since been forced to sell its core assets, including vessels that operate on its lucrative Asia-U.S. route, in a desperate effort to stay afloat.

There are allegations that decision-makers in the government and Hanjin’s key creditor, the state-backed Korea Development Bank, were positive about extending a lifeline to Hanjin with a cash injection or other measures until March. But an “invisible hand” cut in and abruptly stopped the process, according to the Joongang Ilbo daily.

The newspaper said Choi, 60, broke the deal because of Hanjin’s “lukewarm support” of two nonprofit foundations she controls. The organizations — Mir and K-Sports — were allegedly set up with tens of billions of won “donated” by Korea’s big companies and Choi siphoned funds from the organizations, like personal ATMs.

According to news reports, Hanjin wired a billion won ($877,500) to the organizations, which was less than the amount from other companies with smaller sales than Hanjin.  [Korea Times]

You can read more at the link, but it seems like anything remotely negative that has happened in Korea critics are looking for some way to link Choi to it.