:00:00. > :00:16.Ousted South Korean President Park Geun-hye apologises to the country
:00:17. > :00:19.as she arrived at prosecutors' offices for questioning as part
:00:20. > :00:28.of a corruption investigation that has already cost her the presidency.
:00:29. > :00:30.And just how well can robots play football?
:00:31. > :00:33.We'll take a look at some of the innovations on offer
:00:34. > :00:42.at the world's largest computer and tech fair.
:00:43. > :00:51.In a moment we'll be talking about what's going on in Australia's
:00:52. > :00:54.banks, as Westpac faces trial over lending practices.
:00:55. > :00:58.It's the scandal that's engulfed a nation.
:00:59. > :01:00.Former South Korean President Park Geun-hye is being questioned
:01:01. > :01:03.by prosecutors over a corruption scandal that brought her down.
:01:04. > :01:06.Ms Park is accused of colluding with an associate to pressure big
:01:07. > :01:08.conglomerates into donating to her charitable foundations.
:01:09. > :01:13.In response, it's alleged that these businesses received favours
:01:14. > :01:18.But the scandal has also raised questions about the role
:01:19. > :01:20.of the so-called Chaebols within Korean society.
:01:21. > :01:23.The word chaebol is a combination of the Korean words
:01:24. > :01:36.These influential groups of companies include Samsung,
:01:37. > :01:38.Hyundai and Lotte group - all of which dominate
:01:39. > :01:43.Samsung alone accounts for 30% of the entire value of the Korean
:01:44. > :01:47.stock market, but there are dozens of other Chaebols in the country.
:01:48. > :01:51.The corruption scandal isn't the only issue facing
:01:52. > :01:55.The government claims that its biggest trading partner -
:01:56. > :01:57.China - is imposing economic sanctions on the country,
:01:58. > :02:00.over its decision to host the United States THAAD
:02:01. > :02:16.Oliver Salmon, Lead Economist and South Korea Analyst,
:02:17. > :02:23.He joins me on the line from Singapore.
:02:24. > :02:32.Thank you for being on the programme. If we first of all start
:02:33. > :02:42.with the issue of chaebols. Many are saying that the impeachment of
:02:43. > :02:49.President Park and that the boss of Samsung is what will cause this to
:02:50. > :02:53.change. Will it? In the past, we have had problems with chaebols we
:02:54. > :02:58.have had presidential pardons and nothing 's been done about it. The
:02:59. > :03:03.difference this time around is the level of public disquiet we have had
:03:04. > :03:07.with the impeachment of President Park and now the prosecutors and the
:03:08. > :03:14.issues going on at Samsung. This should give the new leadership when
:03:15. > :03:18.they come in a strong mandate for corporate reform. We see this
:03:19. > :03:25.situation as being slightly different to historical instances
:03:26. > :03:28.and hopefully more positive responses going forward. It is
:03:29. > :03:32.interesting because many are watching this very closely because
:03:33. > :03:36.they are waiting to see if this will be the trigger to see if there is a
:03:37. > :03:40.historic change as to how business is done in South Korea and yet it
:03:41. > :03:44.seemed to be business as usual. The South Korean stock market climbing
:03:45. > :03:48.up and up-to-date, Samsung shares going up and up. We will all still
:03:49. > :03:57.buy the goods all over the world, the likes of Samsung and Hyundai.
:03:58. > :04:01.Absolutely. The stock markets have been buoyed by the idea that
:04:02. > :04:04.corporate reform is coming. These are still international companies
:04:05. > :04:13.and very strong brand. You only need to look at Finland and the impact
:04:14. > :04:16.the decline of Nokia had and the impact of other companies
:04:17. > :04:23.collapsing. Fenland has struggled to generate growth after Nokia. --
:04:24. > :04:30.fenland. South Korea needs this. Since the financial crisis, growth
:04:31. > :04:43.has stagnated. This is probably due to the fact that all these chaebols
:04:44. > :04:50.around the services sector. There is the fear that in the long-term,
:04:51. > :04:55.there may be a Japanese style period of stagnation. It is a hot topic for
:04:56. > :05:00.the new administration when they come in. In the meantime, add to
:05:01. > :05:07.that these spats that is a merging between South Korea and China.
:05:08. > :05:11.Businesses are saying that actually we are seeing sanctions imposed on a
:05:12. > :05:19.South Korean businesses in mainland China, for example. Absolutely.
:05:20. > :05:25.There are concerns of deployment of the ante missile system that already
:05:26. > :05:31.we have seen the Chinese respond and they have imposed a ban on Chinese
:05:32. > :05:35.tour groups visiting South Korea. A number of tour groups going to South
:05:36. > :05:39.Korea are China and they spend more than the average tourist in South
:05:40. > :05:43.Korea as well. The impact on paper seems relatively strong but we must
:05:44. > :05:49.consider it is a relatively immature tourism sector in South Korea. Only
:05:50. > :05:53.about 3.5% of export revenues come from tourism. It has stoked fears,
:05:54. > :05:58.though, of further actions from China. Clearly trade is a
:05:59. > :06:05.significant topic. The South Korea and exports around 130 billion US
:06:06. > :06:10.dollars of goods to China. It is a roundabout 25% of total goods and
:06:11. > :06:14.exports. We do not see China in posing significant trade barriers,
:06:15. > :06:20.however, the integration of South Korean products into the Chinese
:06:21. > :06:24.supply chain means that any type of punitive response on supply trade
:06:25. > :06:28.might be self-defeating in terms of the Chinese business. Nevertheless,
:06:29. > :06:33.South Korea is stuck between a rock and a hard -- hard place. We have
:06:34. > :06:39.seen Rex Tillerson, the US Secretary of State, on his visit to Asia
:06:40. > :06:43.are... All right. It is a difficult situation in terms of balancing
:06:44. > :06:48.between relations at China and the US. Banks, all of us. Sorry to
:06:49. > :06:55.interrupt you but time is getting the better of us.
:06:56. > :07:03.The US government is expected to announce on Tuesday,
:07:04. > :07:05.that with immediate effect, it's banning certain
:07:06. > :07:07.battery-operated devices from cabin baggage on flights from a number
:07:08. > :07:10.of countries in the Middle East and North Africa.
:07:11. > :07:12.Speaking off the record, government officials said
:07:13. > :07:14.the prohibition would apply to devices larger than a mobile
:07:15. > :07:17.phone on non-stop flights from ten airports in eight unspecified
:07:18. > :07:20.The Guardian newspaper is reporting that several UK banks processed
:07:21. > :07:22.nearly $740m from a vast money-laundering operation,
:07:23. > :07:25.run by Russian criminals with links to the Russian government
:07:26. > :07:32.HSBC, the Royal Bank of Scotland, Lloyds, Barclays and Coutts are some
:07:33. > :07:34.of the banks facing questions over what they knew
:07:35. > :07:39.Documents seen by the Guardian show that at least $20bn appears to have
:07:40. > :07:41.been moved out of Russia during a four-year period
:07:42. > :07:57.From self-driving buses to delivery drones -
:07:58. > :08:00.this week the northern German city of Hanover becomes the centre
:08:01. > :08:04.of the tech world, with the CeBIT trade fair, at which some 3,000
:08:05. > :08:06.exhibitors from 70 different countries will parade
:08:07. > :08:10.This year, automation and robotics are taking centre stage,
:08:11. > :08:13.and robots are taking on ever more human roles.
:08:14. > :08:29.a photo opportunity and a renewed commitment to trade from Angela
:08:30. > :08:35.Merkel and Japan's Shinzo Abe and the opening of the CeBIT Tech show.
:08:36. > :08:37.On display, the latest in automation, including some products
:08:38. > :08:44.that could transform the world of work. Among many children, I grew up
:08:45. > :08:48.with the dream of one-day driving a bigger like this but if that is to
:08:49. > :08:53.ever happen, I'm going to get a move on because this is an autonomous dig
:08:54. > :08:58.up and it can do all of the dirty work itself. It doesn't need a
:08:59. > :09:03.driver to offer it and it uses sensors to get a map of the
:09:04. > :09:08.environment and then the operator can specify a region where to dig
:09:09. > :09:14.based on this map and the digger drives it into the region and then
:09:15. > :09:18.autonomously big is. This won't be the end of human digger drivers, of
:09:19. > :09:23.course. You always need at person which programmes the task for the
:09:24. > :09:29.digger and tells the digger where to go and what to do, actually. Now,
:09:30. > :09:34.not all robots are here to take your job. This one over here could become
:09:35. > :09:39.your next colleague and what's more, you can control it from halfway
:09:40. > :09:49.around the world. Now imagine my colleague operating the robot with
:09:50. > :09:52.the robot being located on the International Space Station. Now,
:09:53. > :09:58.the robot could maintain regular tasks without even human presence.
:09:59. > :10:02.Shooting for the stars is one thing but back on Earth, robots may not be
:10:03. > :10:11.able to beat humans at their own game just yet.
:10:12. > :10:17.Hopefully you won't have robot presenting this show any time soon.
:10:18. > :10:23.That is also me, see you in a moment.
:10:24. > :10:27.The number of children under the age of five who have had teeth removed
:10:28. > :10:30.in hospitals has risen by almost a quarter in the last decade.
:10:31. > :10:33.The figures are from the Royal College of Surgeons,
:10:34. > :10:37.which says most of this tooth decay could have been prevented