'Burning Sun Prostitution Mediation' Former CEO Yoon In-seok Admits Charges in First Trial

[Asia Economy Reporter Seongpil Cho] Yoo In-seok, former CEO of Yuri Holdings, who was indicted on charges including mediation of prostitution related to the club 'Burning Sun,' admitted all charges during the trial.

At the first hearing held at the Seoul Central District Court Criminal Division 26 (Presiding Judge Kim Raeni), Yoo's lawyer stated, "We will organize the degree of actual involvement and mitigating factors for sentencing and submit them as a written opinion."

However, the lawyer added regarding the embezzlement charges of Yuri Holdings' funds, "There are legal points to review," and "Specific opinions will be presented in future trials."

Yoo was indicted along with Seungri, a former member of the group Big Bang, on charges of mediating prostitution for foreign investors between 2015 and 2016.

He is also charged with embezzlement of company funds (embezzlement in the course of duty) for paying expenses with Yuri Holdings' money while playing golf with Police Commissioner Yoon Gyu-geun, nicknamed the 'Police Chief,' who is suspected of collusion with club Burning Sun.

Yoo was subject to a detention warrant request in May last year during the police investigation, but it was dismissed, and he was indicted without detention.

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