'Daejangdong Allegations' Enter Full Legal Trial... Yudonggyu's First Hearing on the 24th

[Asia Economy Reporter Kim Hyung-min] The Daejang-dong development preferential treatment and lobbying allegations case is officially coming under legal scrutiny. The key figure, Yoo Dong-gyu (52, detained and indicted), former Planning Director of Seongnam Urban Development Corporation, will be the first to face criminal trial.

According to the legal community on the 21st, the Seoul Central District Court Criminal Division 22 (Presiding Judge Yang Cheol-han) will hold the first trial of former Director Yoo on the 24th at 10 a.m., on charges including bribery under the Act on the Aggravated Punishment of Specific Crimes and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes.

Former Director Yoo is required to appear in court on that day. As it is a formal trial date, the defendant must comply with the attendance obligation.

The court initially planned to hold the first trial on the 10th, but postponed it once at the prosecution’s request. The prosecution requested a postponement, citing the need for more time to prepare the trial after additionally indicting former Director Yoo on breach of trust charges, beyond the initial bribery charges.

Former Director Yoo was detained and indicted on the 21st of last month on charges of receiving a total of 352 million KRW in several installments from the Daejang-dong development company in exchange for business conveniences while serving as the Planning and Management Director of Seongnam Facilities Management Corporation in 2013.

Lawyer Nam Wook (48, detained), who was involved from the early stages of the Daejang-dong development project, accountant Jung Young-hak, and Wirye New Town developer Jung Jae-chang each raised this money, which Lawyer Nam reportedly delivered to former Director Yoo.

Former Director Yoo was additionally indicted on the 1st of this month on charges of conspiring with Kim Man-bae (57, detained), major shareholder of Hwacheon Daeyu Asset Management (Hwacheon Daeyu), to allocate approximately 65.1 billion KRW in land development dividend profits and implementation profits to Hwacheon Daeyu, thereby causing losses to the corporation.

The prosecution believes that former Director Yoo and Kim colluded to draft a conspiracy guideline favorable to Hwacheon Daeyu and unfairly adjusted the scoring so that the consortium involving Hwacheon Daeyu would be selected as the preferred negotiation candidate.

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