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​South Korean prosecutors raid POSCO over alleged corruption

( July 6, 2015, 04:04 GMT | Insight) -- South Korean prosecutors raided the Seoul office of POSCO as part of an investigation into alleged corruption involving the nation's top steel manufacturer, Yonhap News Agency reported last Friday. They confiscated accounting books, computer hard disks and...South Korean prosecutors raided the Seoul office of POSCO as part of an investigation into alleged corruption involving the nation’s top steel manufacturer, Yonhap News Agency reported last Friday. They confiscated accounting books, computer hard disks and internal documents after seizing similar documents from Dongyang Construction and its five affiliates. The small construction firm is suspected of creating slush funds for POSCO and its affiliates, the report added....

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