Choi Soon-sil, the long time confidante of Park Geun-hye, was also accused of using unfair means to get her daughter admitted into a top university.
Chung’s mother, Choi Soon-sil, is a long-time confidante who is accused of colluding with Park to collect bribes from the country’s top businesses.
Park’s long time confidante Choi Soon-sil’s daughter is being brought back from Denmark where she was hiding to avoid prosecution.
If found guilty of taking bribes from business leaders, Park faces more than ten years in jail.
Beyond her own personal humiliation, the ramifications of Park’s fall are already reverberating from domestic South Korean politics into the fraught geopolitics of Northeast Asia.
She could face more than ten years in jail if convicted of receiving bribes from bosses of big conglomerates, including Samsung group chief Jay Y. Lee.
Park could become South Korea’s third former leader to be jailed for wrongdoing and is the country’s first democratically elected leader to be ousted.
If the court grants the arrest warrant, Park Geun-hye will become the country’s third former president to be detained in custody while being investigated.
Fighting corruption in the business world requires transforming the internal structure and culture of big companies.
Park became South Korea’s first democratically elected leader to be forced from office.
The corruption scandal erupted late last year over accusations that South Korean President Park colluded with a friend to pressure big businesses to back the president’s policy initiatives.
“I am sorry to the people of the country,” Choi was quoted as saying by opposition Democratic Party MP Sohn Hye-won.
Chung, an equestrian athlete who competed in the 2014 Asian Games and won a gold medal in a team competition, sparked public ire earlier this year when it emerged that she had received special treatment from the prestigious Ewha Womans University.
Supporters of South Korean President Park rallied for her reinstatement while opponents gathered to repeat their demands that the leader impeached over a corruption scandal step down immediately.
“The people who love this country have come out to save the country despite the hardship,” Kim Ku-ja, 69, said with the national flag draped over her.
Parliament is expected to vote in favour of impeachment, with the session for the vote scheduled to begin at 3 pm and expected to last an hour.
South Korea’s embattled President Park Geun-hye faces a pivotal week, with an effort to impeach her gaining support from within her own party.
Park could become the first democratically elected South Korean leader to leave office early in disgrace.
Despite Park offering to step down, the South Korean parliament insists on a vote that will decide whether or not the president will be impeached.
“I will leave to parliament everything about my future including shortening of my term,” Park Guen-hye said in a brief televised speech.
Park Guen-hye’s presidency has been rocked by allegations that a close friend used her ties to meddle in state affairs and wield improper influence.
The People’s Party will start collecting signatures for an impeachment motion against the president, while the main opposition Democratic Party will review the conditions for impeachment.
South Korean President Park Geun-Hye may be about to become the first national leader to be questioned by prosecutors while still in office.
Prosecutors are investigating whether Park Geun-hye exerted improper pressure on “chaebol” conglomerate bosses to raise funds for two foundations.
This is the highest-level shake-up yet since President Park Geun-hye’s administration was rocked by a scandal involving a friend accused of meddling in state affairs.