Prosecutors Conduct Search and Seizure at Gwangbokhoe Office Related to Kim Won-woong's 'Embezzlement'

In Progress Since 10 AM

Since 10 a.m. on the 5th, the Seoul Western District Prosecutors' Office has been conducting searches and seizures at four locations, including the Yeouido Liberation Association office.
[Image source=Yonhap News]

[Asia Economy Reporter Oh Gyumin] The prosecution, investigating former Liberation Association Chairman Kim Won-woong on charges including embezzlement, is conducting a search and seizure of the Liberation Association office and other locations.

The Seoul Western District Prosecutors' Office has been carrying out search and seizure operations at four locations, including the Liberation Association office located in Yeouido, since 10 a.m. on the 5th.

Former Chairman Kim is accused of using the profits from the National Assembly cafe (Heritage815), operated by the Liberation Association, for personal purposes since May 2020.

In February, the Ministry of Patriots and Veterans Affairs announced that a special audit of the Liberation Association revealed that former Chairman Kim embezzled cafe profits to create a slush fund of 61 million won.

Meanwhile, the Ministry conducted a second special audit of the Liberation Association in August and discovered that former Chairman Kim had embezzled an additional approximately 800 million won, subsequently requesting an investigation.

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