Former Korean Underwear Tycoon Arrested in Thailand; Questioned About Lee Jae-Myung Corruption Links

This could be bad news for opposition leader Lee Jae-myung:

Kim Seong-tae (C), former chairman of underwear maker Ssangbangwool Group, is surrounded by prosecution investigators and reporters after arriving at Incheon International Airport, west of Seoul, from Thailand on Jan. 17, 2023. (Pool photo) (Yonhap)

A fugitive underwear tycoon nabbed in Thailand last week in connection with the prosecution’s ongoing investigation into opposition leader Lee Jae-myung’s corruption allegations returned home Tuesday.

Kim Seong-tae, former chairman of underwear maker Ssangbangwool Group, arrived at Incheon International Airport, west of Seoul, around 8:20 a.m. via an Asiana Airlines flight from Bangkok.

He was apprehended by Thai police at a golf club near Bangkok a week ago, roughly eight months after he fled the country amid several high-profile corruption investigations.

Kim has been long sought after by prosecutors as a key suspect in a number of high-profile corruption investigations, including alleged payment of Lee’s attorney expenses by proxy, suspected embezzlement of company funds and alleged transfer of cash to North Korea.

The 55-year-old Kim, handcuffed and flanked by prosecution investigators, was asked if he had any relationship with Lee, the chairman of the main opposition Democratic Party (DP), by reporters at the airport but flatly said he did not know him at all.

Yonhap

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