Prosecutors Additional Indict Kim Yong, Close Aide of Lee Jae-myung, for Over 100 Million Won Bribery

Receipt of 190 Million Won in Special Benefits from the ‘Daejangdong Development Project’

[Asia Economy Reporter Heo Kyung-jun] The prosecution has additionally indicted former Deputy Director Kim Yong of the Democratic Research Institute on charges of accepting bribes worth hundreds of millions of won, related to receiving illegal election funds exceeding 800 million won ahead of the 20th presidential election.

The Anti-Corruption Investigation Division 1 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Eom Hee-jun) announced on the 27th that it has additionally indicted former Deputy Director Kim Yong of the Democratic Research Institute on charges of accepting bribes worth hundreds of millions of won in exchange for preferential treatment in the Daejang-dong development project.

Former Deputy Director Kim is accused of accepting a total of 190 million won in four installments from former Seongnam Urban Development Corporation Planning Director Yoo Dong-gyu between February 2013 and April 2014, while serving as a standing member of the Urban Construction Committee of the Seongnam City Council. The bribes were allegedly given in return for facilitating the establishment of the Seongnam Urban Development Corporation and conveniences related to the Daejang-dong development project (bribery under the Special Act on Criminal Cases).

Earlier, the prosecution had arrested and indicted former Deputy Director Kim on charges of conspiring with former Director Yoo and others to receive 847 million won in four installments from Nam Wook, a developer of the Daejang-dong project, under the pretext of presidential election funds between April and August last year, around the time of the Democratic Party's presidential primary.

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