Search Results for: lee jae-yong

Choi Soon-sil’s Niece Admits to Bribery Allegations Involving Samsung

It appears South Korean prosecutors have been able to flip Choi Soon-sil’s niece and she is testifying against her.  With Samsung heir Lee Jae-yong saying he felt pressured him to give money to Choi’s foundation and her own niece confirming the allegation, it seems the prosecutors have a very strong case against her now:

Chang Si-ho (front, L), Kim Chong (front, C) and Choi Soon-sil (front, R) stand trial at the Seoul Central District Court on Jan. 17, 2017. (Yonhap)

Choi Soon-sil, the woman at the center of a South Korean presidential impeachment scandal, clashed with a niece Tuesday over allegations they coerced Samsung Group into making donations to a sports foundation under their control.

Choi, her niece Chang Si-ho and former Vice Culture and Sports Minister Kim Chong were summoned to the Seoul Central District Court to testify on allegations they colluded to extort more than 1.6 billion won (US$1.35 million) in donations from the nation’s largest business group to the Korea Winter Sports Elite Center, which was established in June 2015.

Chang early on admitted that they forced the donations from Samsung and that she embezzled funds from the center. Her admission came a day after special prosecutors investigating the scandal sought an arrest warrant for Samsung heir Lee Jae-yong on charges of bribery.

According to the prosecutors, Lee was involved in Samsung’s decision to give up to 43 billion won to various organizations linked to Choi in return for the Park Geun-hye administration’s backing of a merger between two companies belonging to the conglomerate in 2015.  [Yonhap]

You can read more at the link, but what I haven’t seen strong evidence of yet is how President Park Geun-hye was involved in all of this?

Arrest Warrant Issued for Heir to Samsung for Perjury and Bribery

It will be interesting to see if the prosecutors have the evidence to prove their case because Samsung and the women behind the ROK Presidential scandal Choi Soon-sil as well as President Park Geun-hye are denying everything:

Lee Jae-yong, vice chairman of Samsung Electronics Co., leaves the special prosecutor’s office in Seoul on Jan. 13, 2017, after 22 hours of questioning over allegations Samsung Group offered financial aid to President Park Geun-hye’s longtime friend Choi Soon-sil, the woman at the center of a massive corruption scandal, in return for business favors. (Yonhap)

Special prosecutors on Monday requested an arrest warrant for Lee Jae-yong, Samsung Group’s de facto leader, on charges of bribery, embezzlement and perjury in connection with an influence-peddling scandal that led to President Park Geun-hye’s impeachment.

Lee, vice chairman of Samsung Electronics Co., is accused of giving or promising to give some 43 billion won (US$36.3 million) worth of bribes to Park’s jailed friend Choi Soon-sil in return for the state-run pension fund’s backing of a merger of two Samsung affiliates, the team’s spokesman Lee Kyu-chul told a regular press briefing.

Samsung signed a 22 billion won consulting contract in August 2015 with a Germany-based firm owned by the woman who is at the center of the scandal and allegedly sent the company billions of won, which was used to fund her daughter’s equestrian training, according to prosecutors. The money that was originally promised to be handed over was included in the amount deemed as bribes, Lee, the spokesman, said.

Some 20.4 billion won the group donated to two nonprofit foundations, allegedly linked to Choi, was also viewed as a kickback. It was the largest amount given by any business group to the organizations.

Prosecutors suspect Samsung supported Choi in return for the National Pension Service (NPS) approving the contested merger of two Samsung subsidiaries on July 17, 2015.  [Yonhap]

You can read more at the link.

Samsung Heir Says That President Park Pressured Him to Give Money to Friend’s Organizations

If President Park was pressuring Lee Jae-yong to have Samsung donate millions of dollars to Choi Soon-sil’s organizations in return for political favors this would justify the impeachment:

Samsung Electronics Vice Chairman Lee Jae-yong leaves the special counsel team’s office in southern Seoul on Jan. 13, 2017, after being questioned for 22 hours in connection with a corruption scandal. (Yonhap)

Lee Jae-yong, Samsung Group’s de facto leader, has claimed that President Park Geun-hye forced his company to provide billions of won to various organizations linked to her confidante at the center of a corruption scandal, an official said Friday.

Lee, vice chairman of Samsung Electronics Co., made the claim to a special probe team investigating the widening scandal involving Park and her friend Choi Soon-sil, the official close to the team said. His latest statement does not match what he said at a parliamentary hearing held last month. At the time, Lee said the president only talked about matters related to the conglomerate and its investment plans during a private meeting in 2015.  [Yonhap]

You can read more at the link, but Lee’s story differs from what he said last month that he was not pressured to give money to Choi.  However, according to this KBS report Lee said that he was pressured by Park to give money, but he did not request any political favors in return:

The decision on whether or not to request an arrest warrant for Samsung Electronics Vice Chairman Lee Jae-yong for his links to the Choi Soon-sil scandal may come as early as Saturday.

The independent counsel team’s spokesman Lee Kyu-chul told reporters on Friday that a decision regarding Lee, who faces bribery and perjury charges, will come on Saturday or Sunday.

The team is said to be leaning toward requesting the warrant as it believes Lee was deeply involved in giving Choi and her family hefty sums of money in return for government support for Samsung C&T’s merger with Cheil Industries in 2015.

The team led by Park Young-soo will also take into account conflicting statements he made from his testimony during a hearing last month at the National Assembly.

Lee returned home at around 8 a.m. Friday after undergoing 22 hours of investigation by the independent counsel team.

The Samsung heir is said to have told investigators that though it’s true that Samsung Group extended huge amounts of money to Choi and her family due to pressure from President Park Geun-hye’s, the funds were not given in return for favors.  [KBS World Radio]

I guess we will see how this plays out in the coming days.

Samsung Accused of Paying Choi Soon-sil to Influence Approval of Controversial Merger

The more I read about the Choi Soon-sil scandal the more I realize that she can arguably be considered a well connected lobbyist taking money from corporations to influence presidential policy.  In the United States lobbying is a well respected profession where in South Korea it can be considered bribery:

Chung Yoo-ra, the horseback rider daughter of Choi Soon-sil, President Park Geun-hye’s longtime friend (Yonhap)

Samsung Electronics, the country’s largest listed company, picked up the tab for a sojourn by Choi Soon-sil, the controversial friend of President Park Geun-hye, and her daughter to Germany last year, the JoongAng Ilbo learned Tuesday.

Choi, 60, is a prime suspect in the abuse of power scandal that led to the impeachment of Park earlier this month. The prosecution indicted Choi in November on charges of abuse of power, coercion, attempted coercion and attempted fraud, making clear that the president is a co-conspirator in all of her alleged crimes. Park was impeached on Dec. 9 for alleged violations of the constitution and criminal laws.

Samsung has been accused of generously sponsoring the 20-year-old daughter of Choi, Chung Yoo-ra. Chung was a gold medalist in dressage in the 2014 Incheon Asian Games, and suspicions were raised that the tech giant financed some of Chung’s activities as an equestrian athlete, such as buying a horse, Vitana V, reportedly worth 1 billion won ($838,574).  [Joong Ang Ilbo]

Here is what she may have been lobbying for to President Park in return for the money that Samsung was giving her sports foundation:

The independent counsel’s team is trying to find a link between Samsung’s generosity toward Choi and Chung and the National Pension Service’s approval of a controversial merger between Samsung C&T and Cheil Industries last year. The $8 billion deal solidified heir apparent Lee Jae-yong’s grip on Samsung Electronics.

The prosecution investigated whether the Blue House strong-armed the state-run pension fund into backing the merger. It failed to prove the suspicion.

Determining the nature of the money Samsung gave to Choi and Chung — whether it was bribes for favors or not — is the top priority of investigators at the independent counsel, a source from the law enforcement authority told the JoongAng Ilbo.

You can read more at the link.

Corporate Merge Paves The Way For Samsung Heir

I did not realize how little of Samsung Electronics that the Lee family actually owned:

SEOUL, South Korea (AP) — Two key Samsung companies are merging in a step toward ensuring the son of the group’s ailing chairman inherits control of the theme parks to smartphones conglomerate.

Samsung said Tuesday that its defacto holding company Cheil Industries Inc. will acquire Samsung C&T Corp. by offering 0.35 new Cheil shares for every Samsung C&T share.

The move, to be completed by Sept. 1, requires shareholder approval, which is expected. The combined entity will be named Samsung C&T.

Analysts say the transaction will give Samsung heir Lee Jae-yong a big say in the conglomerate including its crown jewel Samsung Electronics Co.

“Samsung Electronics is at the core of this event,” said Park Ju-gun, president at CEOScore, a private corporate watchdog. “If Lee Jae-yong controls C&T, he can secure control over Samsung Electronics.”

The corporate maneuvering reflects that the Lee family’s influence over Samsung Electronics through a life insurance company was at risk as the South Korean parliament is set to pass a law that restricts finance companies from controlling non-finance companies.

Lee, his father Lee Kun-hee and other family members have a small direct stake in Samsung Electronics but have been able to exert influence through cross shareholdings in affiliated companies, the most significant of which was Samsung Life Insurance. Altogether, they control about 29 percent of Samsung Electronics shares, which is the largest voting bloc.

Lee Kun-hee, 73, who remains chairman at Samsung Electronics, has been hospitalized for more than a year after suffering a heart attack in May, 2014. Lee Jae-yong earlier this month took over his father’s roles in two Samsung charitable foundations.

The Lee family will likely take additional steps to enlarge C&T’s stake Samsung Electronics as a lynchpin of the cross shareholdings, said Park. It currently owns 4.1 percent of the electronics giant.  [Associated Press]

You can read more at the link. 

Samsung Heir Breaks the Top 200 of the World’s Richest People

The Samsung heir apparent has cracked Bloomberg’s Top 200 of the world’s richest people:

samsung image

Lee Jae-yong, vice chairman of South Korean tech firm Samsung Electronics Co., made the list of the world’s top 200 richest people for the first time as Samsung Group’s heir apparent raked in big fortunes from successful initial public offerings of its two affiliates, the Bloomberg Billionaire Index showed Tuesday.

The 46-year-old Lee’s listed stock value was estimated at US$7.2 billion to rank 183rd worldwide in the latest Bloomberg index, making him the second-wealthiest person in South Korea after his father, Lee Kun-hee.

The senior Lee, who is recuperating from a heart attack he suffered in May, ranked No. 77, with his listed assets worth $13.1 billion as of early Tuesday, the index showed.

Formerly among the world’s 400 richest people in September, the junior Lee has made a big leap forward as the nation’s most powerful conglomerate listed two of its affiliates — Samsung SDS Co. and Cheil Industries Inc. — in just over a month, in a move seen as preparing for management succession. [Yonhap]

You can read more at the link.

DMZ Flashpoints: The 2002 West Sea Naval Battle

10 years ago, the 2002 West Sea Naval Battle, also known as the 2nd Battle of Yeonpyeong took place which at the time was an event that clearly showed the contradictions within South Korean society in regards to their perceptions of North Korea and the United States.  Before getting into the political and social aspects of this battle, first let me recap what happened.


Replica of ROK Chamsuri 357 that fought in the 2nd Battle of Yeonpyeong.

On June 29, 2002, one day before the closing ceremony of the World Cup being held in Korea that year, the North Koreans likely tried to draw attention from away from all the glory South Korea had been receiving from their amazing World Cup performance that year by prevoking a naval battle in the West Sea.  They did this by sending a patrol boat, the Yukto 388 across the disputed Northern Limit Line that demarcates the border between North and South Korea along the Yellow Sea.  The ship crossed near Yeonpyeong Island which is the same island that the North Koreans launched an artillery attack against in 2010 that killed two ROK Marines as well as two civilians.

A South Korean naval vessel the Chamsuri 357 was sent to escort the North Korean ship back into North Korean waters shortly before 10 AM that day.  A 2nd North Korean ship the Tungsangot 684 then crossed the NLL as well.  Both North Koreans ship crossed 3-5 kilometers south of the NLL before being intercepted by the Chamsuri 357.  Since a 2nd North Korean ship was spotted the Chamsuri 358 was dispatched to help as well.   The two South Korean ships intercepted the North Korean ships and issued three warnings by radio to return across the NLL.

That is when the North Korean ship the Tungsangot began to open fire with its 85mm gun at about 450 meters away causing severe damage to the South Korean Chamsuri 357.  In this initial attack five sailors on the Chamsuri 357 were killed to include the captain Lieutenant Yun Yong-ha.  Despite heavy damage the crew of the Chamsuri 357 fired back and the Chamsuri 358 began to open fire as well on the two North Korean ships.  As additional ROK Navy ships began to respond to the attack both North Korean ships retreated back across the NLL where the Tungsangot was seen burning heavily.  The battle was over before 11:00 AM when ROK Naval authorities decided not to pursue the North Korean ships across the NLL in order to avoid escalating the conflict. The clash ultimately ended up costing the lives of six South Korean sailors with 18 more wounded.

It is believed that the North Koreans suffered 13 deaths and 25 wounded, but their two ships were both able to limp back into harbor while the Chamsuri would eventually sink while being towed away from the NLL.  North Korean defectors would later provide details about the aftermath of the battle.  In September of 2002 the gunner of the 85mm gun that made the deadly hit against the Chamsuri 357 was honored by the North Korean authorities as a “Hero of the Republic”.  The North Korean sailor named Seo Ju Cheol was then allowed to visit his hometown where a big celebration was given in his honor.

There was also celebrating in South Korea after the battle as well, but it wasn’t for the sailors that bravely fought off the North Korean provocation.  Instead the country largely ignored the battle in its euphoria of not only hosting a widely successful World Cup, but the fact that the South Korean team reached the tournament’s semi-finals sending nationalism in the country to an all-time high.  In fact the ROK sailors would receive little recognition at all by the South Korean government.  The Kim Dae-jung government at the time wanted to minimize what happened and keep the grieving families quiet because they did not want to upset their Sunshine Policy with North Korea, especially in a presidential election year in the ROK.  Interestingly many of these same ROK politicians were busy encouraging or doing nothing about the anti-Americanism in the aftermath of the US Army Armored Vehicle Accident that tragically killed two South Korean teenagers two weeks before the naval clash.   So basically the Korean government turned a blind eye to the premeditated murder of six ROK sailors while actively encouraging anti-Americanism against their long-time ally because of a tragic traffic accident.

west sea battle1
In commemoration of the second anniversary of the West Sea naval battle, memorial services were held at the headquarters of the Navy’s 2nd Fleet in Pyeongtaek, Gyeonggi Province on Tuesday. Hwang Eun-tae, father of the late Petty Officer First Class Hwang Do-hyun, weeps while reading a letter in front of his son’s portrait.

Even more heartless was the the fact that the South Korean government sent no flag officers to attend a memorial ceremony or the President even offer any condolences to the families after the attack. USFK however did send representatives to the ceremony and USFK Commander General LaPorte offered the families his condolences.  The memorial service was held on a ROK Navy base in order to minimize media access and prevent anti-North Korean activist groups from attending the memorial. One wife of a deceased sailor was so fed up with how the Korean government treated her, that she left Korea and went to the United States. This is what she said before boarding the plane:

“If the indifference and inhospitality shown to those soldiers who were killed or wounded protecting the nation continue, what soldier will lay down his life in the battlefield?”

Here’s a quote from one of the fathers of one of the murdered sailors that really struck a cord with me:

The father said, “My son is buried in the National Cemetery. But I’m going to take my son’s remains to my family burial site in my hometown.” Having watched the situation develop, he thought his son who was killed by North Korean soldiers was considered nothing more than a criminal.

Some parents said that they are more scared of people who consider the U.S. a bigger enemy than North Korean leader Kim Jong-il, who killed their son. We lose courage to defend the country, when we hear that a wife whose husband fell in the battle is preparing to leave this country. Reading a condolence letter from the USFK commander to mark the second anniversary, the wife said, “The Americans remember my husband and his brothers-in-arms better than Koreans… Frankly, I hate Korea.”  [Chosun Ilbo]

“Frankly, I hate Korea”, no those are not the words of a disgruntled American expat or GI saying that, that is a Korean woman who was so outraged by the actions of the Korean government that she left the country.  She is not alone in her criticism of the Korean government over what happened in 2002.

The Chosun Ilbo newspaper published a series of interviews from some of the sailors injured in the 2002 attack and here are excerpts of what they had to say:

Another naval gunner, Kim Taek-jung, 25, has given up his dream of becoming a civil engineer and is preparing for the civil service exam instead. “Because civil engineering requires active work at the site, I’ve made a realistic decision to become a public servant, I still have four or five pieces of shrapnel in my body,” Kim said. “One night I remembered the faces of my six dead comrades, but I couldn’t recall the name of one of them, so I sobbed all night.”

Although they suffer from sleepless nights and nightmares, those without external injuries are not entitled to benefits as “persons of merit.” Ko Kyug-rak, 25, also a naval gunner, said, “For over a year after the incident I was unable to sleep more than three hours a night.” Aboard the patrol boat that turned into a sea of flame, Ko saw his peers burned and their heads blown away and lost some of his hearing. But when he went to a military hospital to claim benefit, Ko was given cool treatment. “A doctor ignored the psychological problems and only asked me to show any external wounds,” he said. “If benefits for persons of merit are granted for this level of injuries, the doctor said, it would have an adverse effect on the state budget.”

Another wounded veteran, Kim Myun-joo, 26, has applied for meritorious benefit twice, but in vain. “I’m just sad because I feel like that post-traumatic stress disorder and efforts to safeguard the country are being neglected,” he said

Of the six victims this paper interviewed, three have office jobs and three are students, all trying hard to make a future for themselves despite the difficulties. What they want from the country is just one thing: that it remembers that many young people were killed or wounded while safeguarding the country on June 29, 2002. “I just wish they remembered the battle once a year, even if they don’t pay much attention. Nothing else,” said Lee Jae-yong, 25.

President Roh did not attend a memorial ceremony for the murdered sailors and the memorial services in later years were attended largely by ROK Navy and USFK leaders. The South Korean ruling party failure to honor these brave sailors was only a further example of the failure of the Sunshine Policy. The South Korean government gave massive amounts of aid to North Korea and they murder South Korean sailors, fire a tactical ballistic missiles, and test nuclear weapons among of host of other provocations. Probably the worst example of North Korean appeasement is how the South Korean political left ignored the plight of hundreds of South Korean citizens that had been abducted by North Korean commandos and agents over the years.  A South Korean wife of one of the abductees had to mount her own personal rescue operation to free her husband from enslavement in North Korea while the South Korean government did nothing to assist her.  So the 2nd Battle of Yeonpyeong was just one of many incidents in a long line of appeasement of North Korea.  In the ensuing years the South Korean government under left wing President Roh Moo-hyun would send North Korea a record of over one billion dollars in aid which is more than they pay to help fund the US-ROK alliance.

Fortunately once President Lee Myung-bak was elected to office he ended the outrage committed against the families of the deceased sailors and began a policy of properly honoring the veterans from West Sea Naval Battle.  In fact a replica of the Chamsuri 357 now sits at the War Memorial in Yongsan where children visit it to learn about the West Sea Naval Battle.

In fact the change in attitude under the Lee Myung-bak government caused the wife of the deceased ROK sailor to return home from the US:

The widow of Petty Officer Han Sang-guk, who was killed in a June 2002 naval battle with North Korea near Yeonpyeong Island in the West Sea, will return to her mother country in April three years after her departure to the U.S. Kim Jong-seon left the country in April 2005 due to disappointment that the government ignored those killed in the battle. Kim told the Chosun Ilbo on Monday she is winding up her life in the U.S. and booked a flight leaving for South Korea on April 1.

Kim had said until last year she would not return to South Korea although she missed her family, since the nation seemed to pay inappropriate respect to the young soldiers who sacrificed their lives for it. Now she has changed her mind, motivated by reports that president-elect Lee Myung-bak’s Transition Team and the Defense Ministry decided to upgrade the memorial service for the victims of the West Sea Battle to a state event.   [Chosun Ilbo]

In addition to honoring the sailors killed in the 2nd Batlle of Yeonpyeong, the Lee administration also drastically cut aid to the North Koreans.  The North Koreans would respond by not only launching the artillery attack against Yeonpyeong Island, but also sinking the ROK Naval vessel the Cheonan that resulted in the deaths of 46 ROK sailors.  However, unlike the brave sailors of the 2nd Battle of Yeonpyeong these sailors were not forgotten and continue to be honored by the ROK government for their service to the nation.  Hopefully it never happens again that any ROK servicemember who gives their life for their nation should ever be forgotten and their families treated like criminals by the government they were serving to protect.  Considering all the provocations in recent years along the North Limit Line there will undoubtedly be more ROK servicemembers murdered by the North Korean regime which shows that today there isn’t a bigger DMZ Flashpoint than the Northern Limit Line.

Note: You can read more DMZ Flashpoints articles at the below link:

Forgetting the West Sea Naval Battle

westseabattle1

Today is the fifth anniversary of the 2002 West Sea Naval Battle which means for the ruling Korean government and their leftist allies it is, Hide Your Head in the Sand Day. For those of you not familiar with the West Sea Naval Battle let me recap it for you.

On June 29, 2002, one day before the closing ceremony of the World Cup the North Koreans tried to draw attention from all the glory South Korea had been receiving from their amazing World Cup performance that year by prevoking a naval battle in the West Sea. The North Koreans planned for and executed a premeditated ambush of a South Korean patrol boat. In the ensueing clash six sailors were killed and 18 more were wounded.

This tragedy of the murdered sailors was bad enough for those left behind, but to make matters worse for the victims and their families, the South Korean government did everything possible to keep the grieving families quiet because they did not want to upset the Sunshine Policy with North Korea. So while politicians in the Korean government encouraged anti-Americanism in the aftermath of the US Army armored vehicle accident that killed two Korean school girls earlier in June 2002, the Korean government in turn did nothing to address the premeditated murder of six ROK sailors by the North Koreans.

The government even told the families to be quiet about the incident and sent no flag officers to attend a memorial ceremony or even offer any condolescences. USFK however did send representatives to the ceremony and USFK Commander General LaPorte offered the families his condolescences.

One wife of a deceased sailor was so fed up with Korea, that she left Korea for good and went to the United States. This is what she said before boarding the plane:

“If the indifference and inhospitality shown to those soldiers who were killed or wounded protecting the nation continue, what soldier will lay down his life in the battlefield?”

Here’s a quote from one of the fathers of one of the murdered sailors that really struck a cord with me:

The father said, “My son is buried in the National Cemetery. But I’m going to take my son’s remains to my family burial site in my hometown.” Having watched the situation develop, he thought his son who was killed by North Korean soldiers was considered nothing more than a criminal.

Some parents said that they are more scared of people who consider the U.S. a bigger enemy than North Korean leader Kim Jong-il, who killed their son. We lose courage to defend the country, when we hear that a wife whose husband fell in the battle is preparing to leave this country. Reading a condolence letter from the USFK commander to mark the second anniversary, the wife said, “The Americans remember my husband and his brothers-in-arms better than Koreans… Frankly, I hate Korea.”

“Frankly, I hate Korea”, no those are not the words of a disgruntled expat or GI saying that, that is a Korean woman who had enough of the actions of the Korean government and left the country.  She is not alone in her criticism of the Korean government over what happened in 2002.

westseabattle2

The Chosun Ilbo newspaper last year published a series of interviews from some of the sailors injured in the 2002 attack and here are excerpts of what they had to say:

Another naval gunner, Kim Taek-jung, 25, has given up his dream of becoming a civil engineer and is preparing for the civil service exam instead. “Because civil engineering requires active work at the site, I’ve made a realistic decision to become a public servant, I still have four or five pieces of shrapnel in my body,” Kim said. “One night I remembered the faces of my six dead comrades, but I couldn’t recall the name of one of them, so I sobbed all night.”

Although they suffer from sleepless nights and nightmares, those without external injuries are not entitled to benefits as “persons of merit.” Ko Kyug-rak, 25, also a naval gunner, said, “For over a year after the incident I was unable to sleep more than three hours a night.” Aboard the patrol boat that turned into a sea of flame, Ko saw his peers burned and their heads blown away and lost some of his hearing. But when he went to a military hospital to claim benefit, Ko was given cool treatment. “A doctor ignored the psychological problems and only asked me to show any external wounds,” he said. “If benefits for persons of merit are granted for this level of injuries, the doctor said, it would have an adverse effect on the state budget.”

Another wounded veteran, Kim Myun-joo, 26, has applied for meritorious benefit twice, but in vain. “I’m just sad because I feel like that post-traumatic stress disorder and efforts to safeguard the country are being neglected,” he said

Of the six victims this paper interviewed, three have office jobs and three are students, all trying hard to make a future for themselves despite the difficulties. What they want from the country is just one thing: that it remembers that many young people were killed or wounded while safeguarding the country on June 29, 2002. “I just wish they remembered the battle once a year, even if they don’t pay much attention. Nothing else,” said Lee Jae-yong, 25.

President Roh has never attended a memorial ceremony for the murdered sailors and I seriously doubt he will attend this one either.  Really only the ROK Navy to their credit and USFK memorialize the event every year. The South Korean ruling party politicians hide their heads in the sand every June 29th because this incident is perfect example of the failure of the Sunshine Policy. The South Korean government gives massive amounts of aid to North Korea and what do they do? They murder Korean sailors.  You give them more massive aid and what do they do? They fire a tactical ballistic missiles which further raised tensions in the region.  You give them even more massive aid and what do they do? They build and test nuclear weapons.

The Korean government has learned nothing five years after the West Sea Naval Battle because they have increased the aid shipments this year to North Korea to a record of over one billion dollars while simultaneously refusing to fully fund the US-ROK alliance.  Is it any wonder why North Korea is always so billigerent when they know they can continue to get away with it?

The Korean government is either in total denial about the nature of the North Korean regime or they just simply don’t care.  The first responsibility of any government should always be to protect their citizens.  The West Sea Naval Battle is just one example that the Korean government could care less what the North Koreans do to South Korean citizens.  Hundreds of South Korean citizens have been abducted by North Korean commandoes and agents over the years from South Korea.  A South Korean wife of one of the abductees had to mount her own personal operation to free her husband from enslavement in North Korea while the South Korean government did nothing.  Even sadder are the hundreds of South Korean POWs which still remain in North Korea against their will. If the South Korean government could care less about the welfare of servicemembers serving their country now, is it any surprise they could care less about the welfare of South Korean POWs kept in North Korea in violation of the armistice agreement signed decades ago.

Certainly the Korean government has learned nothing and if the same type of incident were to happen again the reaction of the Korean government will likely be the same, which is pretend nothing happened.  Unfortunately for the sailors and their families involved in the 2002 West Sea Naval Battle, something did happen and the memory of their sacrifices should be recognized by their government and the public in general.

USFK Commander General Burwin Bell built a memorial on Yongsan Garrison in memory of ROK Army soldier, SGT Yoon Jang-ho who was killed by a suicide bomber in Afghanistan.  Maybe General Bell should also build a memorial to the sailors of the West Sea Naval Battle as well.

Samsung Heir Will Face Multi-Billion Dollar Inheritance Tax Bill

This is going to be quite the tax bill for whoever takes over Samsung after the death of Lee Kun-hee:

As Samsung chief Lee Kun-hee passed away, his heirs, including his only son, Jae-yong, and his sisters will shoulder a record high amount of inheritance tax, industry sources said Sunday.

Lee Kun-hee, who led South Korea’s top family-controlled conglomerate Samsung Group, died at a hospital in Seoul on Sunday at age 78, leaving behind stock assets of some 18 trillion won (US$15.9 billion).

The senior Lee is survived by his wife, Hong Ra-hee, and only son, Jae-yong, and two daughters — Boo-jin and Seo-hyun.

Korea Biz Wire

You can read more at the link, but the article says the tax bill will be about 10 trillion won which is about $9 billion dollars.