Former President Lee Myung-bak [Image source=Yonhap News]

Former President Lee Myung-bak [Image source=Yonhap News]

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[Asia Economy Reporter Seongpil Jo] It was reported on the 27th that the former President Lee Myung-bak and his wife have filed an immediate appeal against the court's decision to uphold the effectiveness of the public auction disposition of their residence in Nonhyeon-dong, Gangnam-gu, Seoul.


An immediate appeal is a procedure to contest a court decision that must be confirmed quickly and, in principle, has the effect of suspending execution. It is reported that the former president and his wife submitted the immediate appeal the day before.



Earlier, when the Nonhyeon-dong residence was auctioned off and sold for 11.156 billion won, the former president and his wife filed an administrative lawsuit against KAMCO and applied for a suspension of execution. However, the Administrative Court of Seoul, Administrative Division 11 (Chief Judge Kang Woo-chan) dismissed their application on the 23rd.


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