The Presidential Daily Brief


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    Samsung Chief Arrested in Presidential Scandal

    The heat is on. Samsung de-facto chief Lee Jae-yong, the 48-year-old heir to South Korea’s biggest family fortune, was formally arrested over his alleged role in the country’s ongoing influence-peddling scandal. It’s already led to the December impeachment of President Park Geun-hye, and continues to rock the country’s oligarchic upper echelons. Prosecutors now have ten days to officially indict Lee — whose company was hoping for a quieter new year following last year’s exploding Note 7 phone scandal, but may now need to stabilize a volatile leadership vacuum.

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