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...congressional leader admitted, "there's a lot of Korean money around, and a lot of guys are involved." Among the main figures in the federal probes of Korean influence peddling: former Representative Richard Hanna of California, a silent partner in an import-export business run by Tongsun Park, a Washington-based Korean businessman with a yen for winning friends in high places; Louisiana Democrat Otto Passman, a longtime Park crony; and former New Jersey Congressman Cornelius Gallagher. Meanwhile, on another front, there are charges that the Korean Central Intelligence Agency (KCIA) has been carrying out both open and "black...

Author: /time Magazine | Title: INVESTIGATIONS: Koreagate on Capitol Hill? | 11/29/1976 | See Source »

Focal Point. Seoul still denies any connection with Tongsun Park, the partygiving Washington rice broker who remains a focal point of the investigations. But federal probers believe the regime ordered the millionaire mystery man, last reported shuttling between Japan and Great Britain, to stay clear of both the U.S. and South Korea. Should Park decide never to return to the U.S., as seems possible, he would be leaving behind considerable assets-including two homes, a business building and the George Town Club, where he has done much of his Washington entertaining. He also had a $249,000 secret interest...

Author: /time Magazine | Title: INVESTIGATIONS: Koreagate on Capitol Hill? | 11/29/1976 | See Source »

...principal figures in the Washington-based operation is a Korean businessman known as Tongsun Park. Park is a man of rather substantial income, apparently derived from a lucrative rice-exporting operation that is sanctioned and supported by key figures in both the United States and South Korean governments. The evidence at this time indicates that Park contacted the KCIA in the United States and offered to begin a lobbying effort based in Washington in return for certain concessions in rice exporting to South Korea. Park's and South Korea's lobbying campaign grew in size and scope, changing into...

Author: By Parker C. Folse, | Title: The South Korean Connection | 11/29/1976 | See Source »

...scandal involving money gifts to U.S. Congressmen by South Korean Businessman Tongsun Park has claimed a casualty: California Democrat John J. McFall. As the current House majority whip, McFall, 58, was a long shot to become majority leader in January. But earlier this month he admitted a charge that an aide had denied before Election Day-namely, that he had received $3,000 from Park in $100 bills in 1974. McFall said that the gift was unsolicited and that he had put it into his congressional office account to buy supplies. Said he: "I don't know what...

Author: /time Magazine | Title: The Nation: McFall's Fall | 11/22/1976 | See Source »

McFall's indiscretion has knocked him out of any chance for the majority leader's job. Meantime, the probe of Korean influence continues. Tongsun Park himself left the country when the stories about his largesse began to break (TIME, Nov. 8); Justice officials, who need his testimony to frame indictments, worry that he may never return...

Author: /time Magazine | Title: The Nation: McFall's Fall | 11/22/1976 | See Source »

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