‘Daejang-dong Scandal’ Key Figure Nam Wook Released... Will He Join the Expos? Battle?

On the 24th, Kim Man-bae, major shareholder of Hwacheon Daeyu, the developer of Daejang-dong, was also released

Nam Wook, a lawyer of Hwacheon Daeyu Asset Management (Hwacheon Daeyu), who was indicted and detained during the first trial for the Daejang-dong development corruption case, was released on the morning of the 21st due to the expiration of the detention period and is leaving Seoul Detention Center. [Image source=Yonhap News]

[Asia Economy Reporter Heo Kyung-jun] Nam Wook, a key figure in the ‘Daejang-dong development scandal,’ was released on the 21st due to the expiration of his detention period.

Around 12:05 a.m. that day, Nam, who came out of Seoul Detention Center, responded with "I am sorry" when asked, "You have been out after a year, please say a word." He did not answer any questions such as "Why did you provide funds for the primary election of Lee Jae-myung, the leader of the Democratic Party of Korea?"

In recent trials, Nam has raised suspicions about Lee’s involvement in the Daejang-dong development process. Following the earlier release of former Seongnam Urban Development Planning Director Yoo Dong-gyu, attention is focused on whether Nam will engage in a ‘revelation battle.’ The Daejang-dong trial is scheduled at the Seoul Central District Court from 10 a.m. that day.

Additionally, Kim Man-bae, a developer involved in the Daejang-dong project who was indicted alongside Nam, is scheduled to be released on the 24th. Depending on the testimonies of these three key figures in the Daejang-dong development scandal, the speed of the prosecution’s ‘summon clock’ for Lee is expected to be determined.

Kim and Nam were jointly detained and indicted on November 22 last year. They are accused of conspiring with former Director Yoo and others to concentrate profits to Hwacheon Daeyu, a private developer in Daejang-dong, causing losses to the public corporation (breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes).

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