Additional Suspect in 'Kim Gun-hee Deutsche Motors Stock Manipulation' Case Faces Detention Hearing Today

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] The pretrial detention hearing (warrant review) for Kim, another suspect involved in the Deutsche Motors stock manipulation case linked to Kim Gun-hee, wife of former Prosecutor General Yoon Seok-yeol, will be held on the 8th.

The Seoul Central District Court plans to question Kim in the morning under the supervision of Judge Lee Se-chang, who is in charge of warrant hearings.

Kim is suspected of being involved in manipulating the stock price of Deutsche Motors by Chairman Kwon Oh-soo between 2010 and 2011. He was originally scheduled to undergo a pretrial detention hearing together with Lee, who was previously detained in the same case, on the 6th. However, Kim’s side submitted a request to postpone the hearing, resulting in the hearing being held on this day.

Another suspect named Lee, besides the detained Lee, was also scheduled for a hearing on the same day but did not appear. Currently, contact with him has been lost, and the prosecution is working to secure his custody. This Lee had previously had a detention warrant requested by the prosecution, which was dismissed by the court.

The prosecution has been investigating related suspicions based on a complaint that Kim Gun-hee played the role of a so-called 'jeonju' (financier) in this case.

Kim Gun-hee is suspected of buying stocks at low prices and reselling them at higher prices during the period when Chairman Kwon Oh-soo of Deutsche Motors manipulated the stock price through market manipulation.

If Kim is also detained, with these three individuals in custody, the prosecution’s investigation is expected to soon focus on Kim Gun-hee. It is known that the prosecution has completed analyzing the materials recently seized, and there is speculation that Kim Gun-hee may soon be summoned for questioning.

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