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U.S. markets recover from steep losses
SEOUL, April 4 (UPI) -- Samsung Group Chairman Lee Kun-hee said upon leaving a special prosecutor's office in Seoul Friday that he did not engage in bribery.
"I didn't," Lee responded when a reporter asked if he bribed officials, Yonhap reported.
Lee then blamed the media "who have passed on such things."
Prosecutors have already questioned Lee's wife Hong Ra-hee and several other family members, Yonhap reported.
The investigation began after Kim Yong-chul, a former Samsung attorney, alleged in January the company had set up a $202 million fund for bribing officials.
The scandal has South Koreans on edge. The company accounts for nearly a quarter of the nation's exports and gross national product, the report said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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