Hwacheon Daeyu’s main shareholder, Kim Man-bae, was released after a year of arrest.
Mr. Kim was released from the Seoul Detention Center in Uiwang City, Gyeonggi Province around 0:00 am and told reporters, “I’m sorry for causing an uproar in many ways.
Legal judgment aside, I apologize and will diligently approach future trials.”
Concerned about the overheated attention competition for him, he added, “I ask you to refrain from reporting so that there is no damage to the residence as there are not only family members but also residents.”
Former general manager Yoo and lawyer Nam claim that there is a hidden stake in Cheonhwadongin No. 1 by Democratic Party leader Lee Jae-myeong, and that they have promised 70 billion won in dividend income.
However, from the beginning of the investigation, it is known that Mr. Kim claims that he is the real owner of Cheonhwa Dongin No. 1, and that the decision to give 70 billion won to Director Yoo was only made for appeasement Jeon.
With Mr Kim’s release today, all of the ‘Daejang-dong Gang of 3’, including Yoo Dong-kyu, the former head of the Seongnam Urban Development Corporation’s planning department, and lawyer Nam Wook, who were arrested and charged last year, is tried without custody.