[Image source=Yonhap News]

[Image source=Yonhap News]

View original image

[Asia Economy Reporter Yoo Byung-don] The prosecution has requested a 4-year prison sentence and a fine of 50 million won for Kim Mo (46), a former Blue House administrator who was arrested and indicted on charges of receiving money from Kim Bong-hyun, chairman of Star Mobility, known as the 'jeonju' (錢主) of Lime Asset Management (Lime), and leaking inspection information related to Lime from the Financial Supervisory Service (FSS). They also requested the court to order the confiscation of approximately 36.67 million won.


On the 4th, at the sentencing hearing held at the Seoul Southern District Court Criminal Division 12 (Presiding Judge Oh Sang-yong), the prosecution stated, "The case is serious as the defendant leaked internal documents of the FSS related to a major financial insolvency twice for personal gain."


However, the prosecution explained that they requested a reduced sentence considering that the defendant is a first-time offender who confessed to all charges, showed remorse, voluntarily deposited a significant portion of the confiscation amount, and returned all illicit gains.


Kim, the former administrator, was indicted and tried on charges including bribery under the Special Act for receiving about 37 million won via corporate cards from Chairman Kim and leaking Lime-related inspection information from the FSS in return for appointing his younger brother as an outside director of Star Mobility, which earned him a profit of 19 million won.


Kim’s defense requested, "Considering that the defendant expressed willingness to surrender after the case was reported and cooperated sincerely during the investigation, and has no prior criminal record, please sentence him to probation."


They also argued, "The defendant and Chairman Kim have been friends since high school, the favors received from Chairman Kim were not in exchange for administrative processing, and the defendant tried to time the disclosure by only informing the information on the day the FSS inspection began. Please take these points into account."



The sentencing hearing is scheduled for the 18th of this month.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing