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Samsung CEO faxes tax charges, goes down [not at all] like Al Capone

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Gollum is led off to fake-jail

They send one of yours to the hospital, you send one of theirs to the morgue. Lee Kun-hee, CEO of Samsung Group, has been indicted for evading taxes on billions of dollars he hid in the name of aides and family members. Dig this quote fom the special prosecutor in Korea:

“Samsung has led the advancing and globalizing of South Korean businesses,” the special prosecutor, Cho Joon-woong, said at a televised news conference. “But it’s also true that it has structural problems.”

That’s Korea for you: excoriate the rich and powerful, yet with just a touch of subservient obsequiousness. Kun-hee cannot be arrested because he handles “1/5th of the country’s exports” and his arrest could plunge the economy into chaos. This comes on the heels of an investigation into Samsung’s bribery complaints last year.

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