Seongnam Urban Development Corporation to File Lawsuit Within the Year for 'Unjust Gains Return from Daejang-dong Development'
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2021101116033861142_1633935818.jpg)
[Asia Economy Reporter Kim Hyung-min] Seongnam Urban Development Corporation, which became the basis of the Daejang-dong development preferential treatment and lobbying allegations, plans to file a lawsuit within this year to recover the unfair profits of the private developers involved in the Daejang-dong development project.
The corporation announced on the 12th, "Given the seriousness and urgency of the matter, we plan to file a lawsuit demanding the return of unfair profits or a claim for damages by the end of next month in consultation with Seongnam City."
To this end, the corporation applied for a copy of the indictment of former Seongnam Urban Development Corporation Planning Director Yoo Dong-gyu at the Seoul Central District Court the day before. The copied indictment is expected to be received in about a week. Former Director Yoo was arrested and indicted on charges including breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes and bribery after fraudulent acts.
In particular, he was investigated for directing approximately 65.1 billion KRW in land development dividend profits and significant implementation profits to private developers, causing losses to the corporation, leading prosecutors to apply breach of trust charges.
After obtaining the indictment, the corporation plans to discuss specific litigation plans with Seongnam City by synthesizing the legal advisory opinion from the law firm Sangnok, commissioned by former President Yoon Jeong-su, and additional reviews from external legal advisory groups.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051414165763158_1778735817.jpg)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- The "90% Reality" Dominating Teens: Experts Shocked by Record-High Figures, Calling It "Just the Tip of the Iceberg" [Chuiyakgukga]⑨
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- "Bought for a Special Price, but Cheaper Today"... Online Malls Caught Inflating Discount Rates by Raising Regular Prices
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
The law firm Sangnok previously opined that former Director Yoo and related private developer parties are considered accomplices in breach of trust, and that the unfair profits of the private developers are estimated to be 179.3 billion KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
![Cheaper Than Mychew, but Nowhere to Be Found... Fears of a 'Pediatric Medical Crisis' as Drug Makers Halt Production [Why&Next]](https://cwcontent.asiae.co.kr/asiaresize/307/2026051910065268365_1779152813.jpg)
