Tag: corruption

Anyone believe this claim?:

Justice Minister Jung Sung-ho denied Monday that President Lee Jae Myung had any part in the prosecution’s recent decision to not appeal a high-profile development corruption case stemming from his time as mayor of Seongnam.

Jung made the remark as he arrived for work at the justice ministry in Gwacheon, just south of Seoul, as controversy has flared up over the prosecution’s failure to appeal the case by last Friday’s deadline, which critics allege was a result of government interference. (……)

The development corruption case centers on allegations that a small number of unheard-of private asset management companies, including Hwacheon Daeyu, were allowed to reap astronomical investment profits from a real estate development project in Seongnam’s Daejang-dong district in 2015, when Lee was the city’s mayor.

Lee stood trial on charges of inflicting losses to Seongnam Development Corp., which was in charge of the project, before a court indefinitely postponed his trial following his presidential election victory in June.

In a separate trial, however, a district court sentenced Yoo Dong-gyu, former acting president of Seongnam Development Corp., and Kim Man-bae, a major shareholder of Hwacheon Daeyu, to eight-year prison terms each on charges, including breach of duty, on Oct. 31.

Three other suspects were sentenced to prison terms ranging from four to six years.

Yonhap

You can read more at the link.

We have another hangbag gate to include necklace gate involving the former Korean First Lady:

Prosecutors searched the Seoul residence of former President Yoon Suk Yeol on Wednesday as part of an ongoing corruption investigation involving a spiritual adviser.

The Seoul Southern District Prosecutors’ Office sent investigators to seize evidence related to suspected lobbying and illicit financial exchanges between the former presidential couple and a shaman named Jeon Seong-bae, better known by his alias “Geonjin.”

The disgraced former president and his wife, Kim Keon Hee, face multiple criminal charges, including corruption and election interference, but Wednesday’s operation marked the first time investigators searched their residence.

Jeon, 65, is under investigation on suspicion of receiving illegal political funds from candidates in the 2018 local elections. He was arrested in December 2024 on charges of violating the Political Funds Act, which governs how political parties and politicians can raise, manage and spend money for their activities.

The probe later expanded to include Yoon and Kim following revelations linking them to the case. 

Jeon, who was reportedly involved in Yoon’s election campaign during the 2022 presidential race, is suspected of exerting influence over personnel appointments and acting as an intermediary using his personal ties with the former first couple.

Prosecutors allege a former high-ranking Unification Church official, identified only by his surname, Yoon, delivered a diamond necklace worth 60 million won ($42,000) and an expensive handbag to Jeon shortly after Yoon Suk Yeol took office in May 2022. The items were reportedly intended as gifts for the former first lady.

Prosecutors are investigating whether the gifts were actually delivered to Kim. Jeon is said to have testified that he lost the necklace. 

The investigators also suspect that the Unification Church official attempted to lobby the couple through Jeon in a bid to secure official development assistance (ODA) funding through the government for the church’s business projects in Cambodia.

Korea Times

You can read more at the link.

It looks like former President Moon may continue the tradition of former Korean presidents going to jail:

Former President Moon Jae-in was indicted without detention Thursday on charges of bribery, according to the Jeonju District Prosecutor’s Office.

Moon has been accused of allowing his former son-in-law to receive preferential treatment in securing a job with an airline. Almost 220 million won ($154,000) in salary and relocation expenses to Thailand were paid between July 2018 and April 2020, which constituted a de facto bribe to the former president, according to the prosecution.

Prosecutors launched an investigation into former President Moon Jae-in’s alleged involvement in the case after Seoul-based civic group Justice People filed a complaint in December 2021, alleging a possible quid pro quo involving Moon, his former son-in-law, identified by the surname Seo, and Lee Sang-jik — a former two-term lawmaker from the then-ruling Democratic Party and founder of budget airline Eastar Jet.

Prosecutors pinpointed Lee as the source of the alleged bribe and confirmed that Seo’s appointment as executive director of Thai Eastar Jet was made despite his lack of airline industry experience and the company’s financial struggles. A separate civil affairs team under Moon’s presidential office was involved in the process, the prosecution claims.

“Seo frequently left his post for extended periods, flew to South Korea or worked remotely. He did not provide proper labor befitting his position as the executive director. But Seo received a monthly salary of 8 million won, almost twice the salary of the airline’s CEO,” the Jeonju District Prosecutor’s Office said in a press release.

Korea Herald

You can read more at the link, but this was clearly a quid pro quo for his son-in-law to get this job he was not qualified for and apparently put little effort into. With that said imagine if the U.S. had the same corruption laws as Korea? Former president Joe Biden would be getting prosecuted for all the money his son has been making off of his dad’s name and position. Instead you have a whole political party and media establishment covering for him.

The Korean Democratic Party continues to show what a bunch of hypocrites they are:

Ruling People Power Party floor leader, Choo Kyung-ho left, speaks during the party’s Supreme Council meeting at the National Assembly in Seoul, Monday. Yonhap

The Democratic Party of Korea (DPK) has decided to actively respond to the prosecution’s ongoing bribery investigation involving former President Moon Jae-in, condemning it as a “petty act of political retaliation,” party members said Monday.

In strong opposition to the investigation, the main opposition party is considering forming a countermeasures committee. (……..)

“When former presidents Park Geun-hye and Lee Myung-bak were imprisoned, and numerous figures from the conservative camp were detained during the early days of the Moon Jae-in administration, the DPK fervently supported these actions, calling them ‘clearing deep-rooted evils.’ Now that they are the opposition, they label similar actions as ‘political retaliation.’ Few will sympathize with the party’s double standards,” Choo said.

The prosecution has been investigating allegations of a quid pro quo involving Moon’s former son-in-law, who was appointed to an executive position at a low-cost carrier founded by former lawmaker Lee Sang-jik despite lacking experience in the aviation industry. 

The prosecutional inquiry is focused on whether this appointment was linked to former Rep. Lee’s appointment as head of the Korea SMEs and Startups Agency in March 2018 during Moon’s presidency. Moon’s son-in-law, surnamed Seo, was hired four months after Lee assumed leadership of the agency.

Korea Times

You can read more at the link.

This is not a renewable energy issue, this is more an issue of government picking winners and losers and people in the government benefiting from the winners they chose:

A total of 251 officials at public institutions were found to have taken part in solar panel businesses to make money in violation of ethics regulations during the previous Moon Jae-in administration, the state audit agency said Tuesday.

The officials from eight institutions, including the state-run Korea Electric Power Corp. (KEPCO), ran solar panel businesses either under their own names or under the names of relatives, according to the Board of Audit and Inspection (BAI).

During the Moon administration, solar power was considered not only as clean and environmentally friendly energy but also as a potentially lucrative investment opportunity, with stability and long-term prospects supported by strong government backing.

An example includes a KEPCO official who operated six solar power stations under the names of relatives after using insider information, reaping a combined profit of 880 million won (US$662,000), the BAI said.

Yonhap

You can read more at the link.

Very convenient that Lee Jae-myung checks himself into a hospital due to his so call hunger strike when prosecutors issue an arrest warrant for him:

Democratic Party of Korea head Rep. Lee Jae-myung, who is on day 19 of his hunger strike against the Yoon Suk Yeol administration, is transferred out of his office on a stretcher Monday morning. (Yonhap)

Rep. Lee Jae-myung, the bedridden leader of the Democratic Party of Korea on a strike against what he calls President Yoon Suk Yeol’s “tyrannical rule,” is wanted by prosecutors on an arrest warrant request for the second time this year.

Seoul prosecutors said Monday they filed a request for an arrest warrant against Lee, who is already a defendant in two corruption trials, on three different counts of accusations.

One is that he colluded with a policy aide while he was mayor of Seongnam to hand favors such as a change in land permits to private developers, allowing them to illicitly profit from a city development project. The second is that he personated a prosecutor, and then asked a witness to testify falsely in court. The last is that he, as governor of Gyeonggi Province, paid North Korean authorities to organize his Pyongyang trip and to negotiate the province’s business deals with North Korea.

Korea Herald

You can read more at the link.

More corruption allegations against the prior Moon administration:

Presidential spokesman Lee Do-woon speaks to reporters in a briefing at the Yongsan presidential office in central Seoul on Wednesday. [NEWS1]

President Yoon Suk Yeol called for “a thorough investigation” of corruption allegations made against solar power projects under the previous government.  
   
The Board of Audit and Inspection (BAI) on Tuesday requested a probe on a total of 38 individuals, including government officials, over alleged corrupt acts, and the president ordered the Office of the Secretary for Civil Service Discipline to conduct “a thorough investigation on those who were involved in the decision-making process regarding renewables projects” under the former Moon Jae-in administration, said presidential spokesperson Lee Do-woon during a press briefing Wednesday. (…..)

Gunsan Mayor Kang was accused of providing preferential treatment to a local company whose CEO graduated from the same high school as the mayor.

The BAI also accused two former officials from the Ministry of Trade, Industry and Energy of colluding with a private company for a 300-megawatt solar power plant project in Taean, South Chungcheong. The two former officials allegedly helped the company work around a regulation on land use through an authoritative interpretation without a legal basis. One of the officials was later named an executive of the company, and the other official was also hired as an executive of another solar company. 

Joong Ang Ilbo

You can read more at the link.

So it was okay to investigate and jail former Presidents Park and Lee for corruption, but not okay to investigate Lee Jae-myung for arguably equal to or worse corruption:

The main opposition Democratic Party (DP) staged a large-scale rally in central Seoul on Saturday to protest against the prosecution’s widening corruption probe into its embattled leader. 

Tens of thousands of party members joined the rally, as DP leader Lee Jae-myung is currently under investigation over corruption allegations surrounding a massive development project pushed for in Seongnam, south of Seoul, when he was the city’s mayor.

During the event, Lee accused prosecutors of hampering democracy by targeting him, President Yoon Suk Yeol’s former rival in the last presidential race. 

“Prosecutors are taking major posts in the government, and they are threatening people with arrest warrants, instead of soldiers’ guns and swords,” Lee said during his closing remarks. “Politics is giving its place to violent ruling.”

Yonhap

You can read more at the link, but this protests shows that Lee must think he is close to being charged and headed to jail.

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

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

You can read more at the link.