'Daechang-dong' Yoo Dong-gyu, First Trial on November 10... "Attendance as Defendant"

Yoo Dong-gyu, former Planning Director of Seongnam Urban Development Corporation [Image source=Yonhap News]

[Asia Economy Reporter Kim Daehyun] The first trial of Yoo Dong-gyu, former Planning Director of Seongnam Urban Development Corporation and one of the key figures in the Daejang-dong development preferential treatment and lobbying allegations case, will be held next month.

According to the court on the 27th, the Seoul Central District Court Criminal Division 22 (Presiding Judge Yang Cheol-han) will conduct the first trial of former Director Yoo, who was indicted on charges of bribery and promise of bribery after fraudulent acts under the Act on the Aggravated Punishment of Specific Crimes, at 10 a.m. on November 10. In accordance with the defendant's obligation to appear in formal trials, former Director Yoo must appear in court in person.

Previously, the prosecution arrested and indicted former Director Yoo on charges of receiving 352 million won in multiple installments as a bribe from the Daejang-dong development company in exchange for providing business conveniences while working as the Planning and Management Director of Seongnam Facilities Management Corporation in 2013.

Former Director Yoo is also accused of committing fraudulent acts in office by providing conveniences favorable to Hwacheon Daeyu during his tenure as Planning Director of Seongnam Urban Development Corporation from 2014 to 2015, and promising to receive 70 billion won (42.8 billion won after tax deduction).

However, the prosecution excluded the charge of breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes when indicting former Director Yoo. The prosecution decided to handle the breach of trust charge against former Director Yoo later after clarifying the accomplice relationship or specific division of acts.

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