Samsung, pension fund raided over the conglomerate's merger deal
Nov 23, 2016
Prosecutors on Wednesday raided Samsung's headquarters and South Korea's state-run pension fund over allegations that the presidential office influenced the pension fund's decision to back Samsung's merger plan last year.The National Pension Service (NPS) -- which held an 11.6 percent stake in Samsung C&T Corp. and a 5 percent stake in Cheil Industries Inc. -- played a key role in the two units' merger.Prosecutors are investigating whether President Park Geun-hye pressured the state fund to supp