[Image source=Yonhap News]

[Image source=Yonhap News]

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[Asia Economy Reporter Bae Kyunghwan] Nam Wook, the lawyer who owns Cheonhwa Dongin No. 4 and is a key figure in the Daejang-dong development preferential treatment and lobbying allegations, appeared at the court's pre-trial detention hearing on the 3rd.


Nam arrived at the Seoul Central District Court building in the afternoon and, when reporters asked whether he admitted to the charges, he went up to the courtroom without responding.


Nam is accused of conspiring with former Seongnam Urban Development Corporation Planning Director Yoo Dong-gyu and Hwacheon Daeyu major shareholder Kim Man-bae to ensure that Hwacheon Daeyu and Cheonhwa Dongin Nos. 1 to 7 received at least 65.1 billion won in profits, causing equivalent losses to the Seongnam Urban Development Corporation.



In particular, he is also charged with receiving various business conveniences from Jeong Min-yong, a junior from his university and the head of the Strategic Business Team at Seongnam Urban Development Corporation, and in return, embezzling 3.5 billion won of company funds from September to December last year under the pretense of business investment funds as bribes.


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