Ourhome, 2.6 Billion KRW Seizure on Former Vice Chairman Koo Bon-sung's Assets over Embezzlement and Breach of Trust Allegations

[Asia Economy Reporter Kim Daehyun] Former Ourhome Vice Chairman Koo Bonseong’s real estate and deposit claims have been subject to provisional seizure. He is under police investigation for charges of embezzlement and breach of trust.

According to the legal community on the 10th, Judge Cho Yanghee of the Seoul Central District Court Civil Division 57-2 single judge accepted Ourhome’s provisional seizure application against former Vice Chairman Koo in March. The application for provisional seizure of deposit claims held by Koo at nine banks was also approved. The seized assets are reported to amount to over 2.6 billion KRW.

Ourhome discovered through an internal audit that former Vice Chairman Koo received salaries and performance bonuses exceeding the prescribed limits and filed a complaint with the police in November last year. The Gangseo Police Station in Seoul has booked Koo on charges including embezzlement and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes and is currently investigating him.

Earlier, former Vice Chairman Koo was prosecuted for retaliatory driving, damaging another vehicle, and hitting the driver who got out. In June last year, he was sentenced to six months in prison with a two-year probation in the first trial, and the sentence was finalized. After receiving the probation sentence in the first trial, he stepped down from his CEO position after the dismissal motion proposed by current CEO Koo Ji-eun’s side was passed at the board meeting.

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