Seoul Nambu District Court Chief Judge's Family Confirmed COVID-19 Positive... Schedule Changes for Lime and ShillaJen Trials

Chief Judge of Collegiate Panel's Family Tests Positive for COVID-19... Presiding Judge Self-Quarantines

[Asia Economy Reporter Yoo Byung-don] The chief judge of the criminal division at the Seoul Southern District Court was classified as a contact of the novel coronavirus infection (COVID-19), resulting in all trial schedules of the division being changed.

On the 2nd, the Seoul Southern District Court stated, "The cohabiting family member of the presiding judge of Criminal Division 12 tested positive for COVID-19 this morning," adding, "The presiding judge has entered self-quarantine and is scheduled to be tested today." They further noted, "With the judge in quarantine, all trial schedules of the division will be changed for about two weeks."

First, the trial scheduled for that afternoon in the division was postponed, and depending on the COVID-19 test results of the presiding judge, more specific changes to future trial schedules are expected to be clarified.

The trial on that day involved 12 defendants, including Mr. Lee, who were investigated for violating the Capital Markets and Financial Investment Business Act by manipulating the stock price after a no-capital merger and acquisition of Kosdaq-listed company S-Mo Materials, which had funds from the Lime fund injected, thereby gaining tens of billions of won in illicit profits. Trials for Mr. Lee and others were also scheduled for the 4th and 9th but have all been postponed.

In addition, the division is also handling the trial of former Lime Vice President Lee Jong-pil and Lime CEO Won Jong-jun on charges including violations of the Act on the Aggravated Punishment of Specific Economic Crimes (such as bribery). Their trial was scheduled for the 7th, but it is highly likely to be postponed as well.

Furthermore, the sentencing trial for former ShillaJen executive Mr. A, scheduled for the 4th on charges of violating the Capital Markets and Financial Investment Business Act, has been postponed to the 18th. Mr. A is on trial for allegedly using insider information to sell ShillaJen stocks and avoiding losses amounting to approximately 6.4 billion won.

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