Prosecution Indicts Assemblyman Kim Hong-gul Without Detention for 'Underreporting Assets'

[Image source=Yonhap News]

[Asia Economy Reporter Bae Kyunghwan] Kim Hong-gul, son of former President Kim Dae-jung who was expelled from the Democratic Party of Korea for underreporting his assets, has been brought to trial.

According to the legal community on the 15th, the Public Investigation Division 2 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Kwon Sang-dae) indicted Kim without detention late last night on charges of false statement under the Public Official Election Act.

Kim is accused of omitting a commercial land worth 1 billion won registered under his wife's name and rental deposits for a commercial building and an apartment also under his wife's name in the asset disclosure before the April 15 general election. The omission of the apartment pre-sale rights was not included in the charges.

Following the revelation of these facts, Kim was expelled from the Democratic Party of Korea. On the 10th, Kim appeared before the prosecution as a suspect and was questioned for about 11 hours.

Previously, Kim was also involved in the 2002 'Choi Kyu-sun Gate' scandal, where he was arrested and indicted on charges of receiving money and evading gift tax, sentenced to 1 year and 6 months in prison with a 3-year probation, and later pardoned during the Roh Moo-hyun administration.

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