Large insurance companies in Korea

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65438+2008 10. In June, after confirming that SK Group, the third largest enterprise in South Korea, illegally donated money to politicians during last year's election in South Korea, South Korean prosecutors began to thoroughly investigate the relationship between major enterprises in South Korea and illegal political contributions. It is reported that at present, the inspection authorities have grasped the clues that five consortia, including SK, Samsung, LG, Hyundai and Lotte, provided illegal funds to the ruling and opposition parties during the presidential election. According to media reports, the scale of illegal political contributions received by Roh Moo-hyun's camp is as high as 7.2 billion won (1 USD 1 150 won). Among them, SK25 billion won, LG20 billion won, Samsung and Hyundai each 65.438 billion won, and Lotte 700 million won. According to Korean law, a company's total political donation to a political party within one year cannot exceed 250 million won, and the donations of the top five companies far exceed this limit. The Grand National Party illegally accepted 654.38 billion won (about 8.7 million US dollars) from South Korea's SK Group.