In August last year, Samsung group's heir Lee Jae-yong, was found guilty of several charges in a corruption scandal.
The scandal led to the impeachment of President Park Geun-hye. Lee was found guilty on all five charges including bribery and embezzlement. On December 9th, 2016, Park was impeached by the National Assembly, on charges related to influence peddling by her confidante, Choi Soon-sil. They are alleged to have taken or solicited from three big conglomerates in relation to some 50 million US dollars, including Samsung, in return for business favors. Park's presidential powers and duties were suspended with the ratification of the impeachment. And on March 10th, 2017, Park was removed from office.