Word: sk
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Dates: during 2000-2009
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...copy of an indictment obtained by Time, an influential businessman named Lee Young Roh visited a posh sashimi restaurant in the port city of Pusan on Dec. 19 (the day of the presidential elections). There, he allegedly held a secret dinner meeting with Sohn Gil Seung, CEO of the SK oil and telecom conglomerate. The businessman told the SK chief he should contribute nearly a million dollars to help repay Roh's presidential campaign debts, prosecutors allege. In return, Lee Young Roh promised, SK would get help from the new administration if the company "faced any problems," according...
...phase of an infrared-enabled payment system, which will include 1,000 merchants and 10,000 consumers. Peddlers of the technology have gained an even greater foothold in South Korea, a cell phone--obsessed society in which wireless providers are competing for market share with hot technology. The leader, SK Telecom, has already sold 370,000 enabled handsets and should have reader technology installed at 400,000 stores by year-end. SK has only 30,000 subscribers, but, as with store value cards, the idea has viral growth potential. "M-finance is still in its infancy," says Natasha Tan, research...
...questioning in a widening political-finance scandal. (It was the allegations against Choi, who resigned in August, that prompted Roh's surprise plea on Friday for the people's trust.) Prosecutors suspect Choi collected $1 million from a political slush fund allegedly set up by the giant SK conglomerate. Choi, who has denied the charges, is a high school friend of Roh and is so close to the President that he is known as "the Butler...