Former Ssangbangwool Group chairman Kim Seong-tae had his indictment for allegedly providing third-party bribes to President Lee Jae-myung through remittances to North Korea dismissed in court.
Kim Seong-tae, the former chairman of the Ssangbangwool Group, received a dismissal of charges in a first-instance ruling for allegedly providing third-party bribes to President Lee Jae-myung through North Korean remittances. The Suwon District Court's Criminal Division 11, presided over by Judge Song Byeong-hoon, determined that the indictment constituted a form of double prosecution, as Kim was already facing trial for violations of the Foreign Exchange Transaction Act related to the same remittance. This ruling bears implications on President Lee's ongoing trial as the prosecution has claimed that the remittance actions amounted to both a violation of foreign exchange regulations and constituted bribery.
