By Sangmi Cha SEOUL (Reuters) – South Korea’s highest court upheld a 20-year prison sentence for former President Park Geun-hye on Thursday on corruption charges that led to her downfall, ending the legal process and thus for the first time raising the possibility of a pardon. Park became the first democratically elected leader of South Korea to be removed from office when, in 2017, the Constitutional Court upheld a parliament vote to indict her for a scandal that also landed the heads of two conglomerates in jail. The daughter of a military dictator, Park took office in 2013 as the first female president of South Korea. She was defeated after being found guilty of conspiring with an informant to receive tens of billions of won from major conglomerates to help her family and fund the non-profit foundations she owned. His case has been heard in different courts, including a retrial in July last year, but the Supreme Court’s ruling on Thursday to uphold a 20-year jail term and a fine of 18 billion won (16.38 million won). dollars) exhausts its legal channels. Park, 68, who has been in jail since March 31, 2017, has denied wrongdoing. She was not present in court. The end of the legal process opens the way for a presidential pardon, which his supporters called for. “President Park Geun-hye is innocent,” the right-wing Republican Party said in a statement. “Members of Our Republican Party want President Park to be released as soon as possible.” The head of the ruling Democratic Party, Lee Nak-yon, has floated the idea of a pardon for Park and another former president, Lee Myung-bak, also in jail on corruption charges, on behalf of national unity. Park is a divisive figure in a country where old Cold War dividing lines between the right and the left can still define political rivalry. A senior aide to President Moon Jae-in, who is a liberal, said the president would make a decision on the pardon issue for Park that reflects the will of the people. Society seems divided in half. A poll conducted by pollster Realmeter last week found that 47.7% of respondents were in favor of clemency and 48% against. Samsung Electronics (OTC 🙂 Co Ltd Vice Chairman Jay Y. Lee faces a final court ruling Monday on whether to return to jail on charges of bribery of a Park associate.
South Korean court ratifies jail for former President Park, clearing the way for potential clemency By Reuters
Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.