[2021 National Audit] Park Soo-young "Hwacheon Daeyu 5 Billion Promise Group... Kwon Soon-il, Park Young-soo, Kwak Sang-do, Kim Soo-nam, Choi Jae-kyung and 6 Others"

[Image source=Yonhap News]

[Asia Economy Reporter Jin-ho Kim] On the 6th, Park Soo-young, a member of the People Power Party, revealed the list of the so-called 'Hwacheon Daeyu 5 billion won promise group.' This is the first time the list has been disclosed in connection with allegations that Hwacheon Daeyu Asset Management, which earned hundreds of billions of won through preferential treatment in the Daejang-dong development in Seongnam City, promised to pay large sums to influential figures in the legal and political sectors.

On the same day, Park attended the National Assembly's Financial Services Commission audit by the Political Affairs Committee and, based on a recording submitted to the prosecution by accountant Jung Young-hak, the owner of Cheonhwa-dongin No. 5, stated, "The names of six people appear: former Supreme Court Justice Kwon Soon-il, former special prosecutor Park Young-soo, People Power Party member Kwak Sang-do, former Prosecutor General Kim Soo-nam, former Incheon District Prosecutor Choi Jae-kyung, and Mr. Hong."

Park also explained, "I am disclosing this information for the first time today," adding, "Although it is not 5 billion won, lobbying funds were also distributed to the chairman and members of the Seongnam City Council. Some have already received the money, while others promised have not yet received it due to the current situation."

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