'The First Formal Trial Today for the Daejang-dong Development Project Favoritism Allegation Case'

[Asia Economy Reporter Seongpil Cho] The first formal trial of former Seongnam Urban Development Corporation Planning Director Yoo Dong-gyu and Hwacheon Daeyu affiliates, who have been indicted on allegations of preferential treatment in the Daejang-dong development project, will be held on the 10th.

The Seoul Central District Court Criminal Division 22 (Presiding Judge Yang Cheol-han) will conduct the trial in the morning for former Director Yoo, Hwacheon Daeyu major shareholder Kim Man-bae, Cheonhwa Dongin No. 4 owner lawyer Nam Wook, accountant Jung Yeok-hak, and lawyer Jung Min-yong. Unlike the previous preparatory hearing, this trial is a formal hearing, and the defendants are required to attend. All defendants, including former Director Yoo, are expected to appear in court. At the previous preparatory hearing, only former Director Yoo attended the first session.

At the previous preparatory hearing, the court allowed former Director Yoo and Mr. Kim to copy the original recording files of accountant Jung as part of the defendants' defense. Although the prosecution opposed this due to ongoing investigations, the court ordered the permission for copying.

Former Director Yoo is accused of colluding with Mr. Kim and others to cause the corporation damages by granting Hwacheon Daeyu at least 65.1 billion KRW in land development dividends and at least 117.6 billion KRW in project profits. He is also accused of receiving bribes of 500 million KRW from Mr. Kim and 352 million KRW from lawyer Nam and accountant Jung, and promising to receive 70 billion KRW from the Daejang-dong development profits. Lawyer Jung is accused of conspiring with them to structure the project so that Hwacheon Daeyu and Cheonhwa Dongin would receive at least 182.7 billion KRW in profits.

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