Jin Joong-kwon "Yoo Si-min's Lecture Fee 500,000~600,000 Won? Dogs Would Laugh"

Jin Joong-kwon, former professor at Dongyang University / Photo by Asia Economy DB

[Asia Economy Reporter Han Seung-gon, Intern Reporter Kang Joo-hee] Former Dongyang University professor Jin Joong-kwon called the statement by former Value Invest Korea CEO Lee Cheol, who said regarding the suspicions about Yoo Si-min, chairman of the Roh Moo-hyun Foundation, that "he gave a 2-hour lecture and was paid around 500,000 to 600,000 won as lecture fees, and that was all," "something a passing dog would laugh at."

On the 2nd, Professor Jin wrote on his Facebook, "If you look closely at the MBC report, you can roughly see the substance of the case," and said this.

Professor Jin said, "The prosecution called former Value Invest Korea CEO Lee Cheol and asked about the use of the 21 million won that was withdrawn. It seems they suspected that the money flowed into Yoo Si-min's lecture fees," adding, "It's a somewhat reasonable suspicion. Celebrities receive that amount for corporate lectures. The Kim Young-ran Act was created to prevent the frequent collusion that occurs in that process."

He continued, "It seems that the Channel A reporter, probably out of greed to get that statement, violated journalistic ethics and was counterattacked for overreaching," adding, "The story about Choi Kyung-hwan can just be seen as a distraction."

Earlier, on the 31st of last month, MBC Newsdesk reported that a Channel A reporter pressured former CEO Lee, who is imprisoned on charges of illegal investment, to reveal misconduct by Yoo Si-min, chairman of the Roh Moo-hyun Foundation.

In a written interview with MBC, former CEO Lee denied the suspicions about investment in SillaJen by Yoo and other ruling party figures, stating that Yoo only gave a 2-hour lecture and was paid around 500,000 to 600,000 won as lecture fees.

He also claimed that during the Park Geun-hye administration in 2014, former Deputy Prime Minister Choi Kyung-hwan invested 500 million won, and people around him invested 6 billion won in SillaJen.

This content was produced with the assistance of AI translation services.