Ferrari speeds at 160 km/h on Olympic-daero... LS Koo Ja-kyun faces 'driver swap' controversy

LS Electric Chairman Koo Ja-kyun Sent to Prosecution for Speeding Charges
Employee from Same Company Initially Admitted "I Was Driving" Then Retracted Statement

Gu Ja-kyun (66), the second-generation owner of LS and chairman of LS Electric, was caught driving a Ferrari at over 160 km/h on Seoul Olympic-daero. After being caught for speeding, a manager from the same company falsely claimed, "I was driving the car."

On the 18th, the Yongsan Police Station in Seoul announced that they had sent Chairman Gu and Manager Kim to the prosecution earlier last month on charges of violating the Road Traffic Act and aiding a criminal, respectively.

Koo Ja-kyun, Chairman of LS Electric

Chairman Gu is accused of driving his own Ferrari on Olympic-daero on November 9 last year at a speed exceeding 160 km/h, which is more than double the speed limit of 80 km/h.

Under the Road Traffic Act, driving at a speed exceeding the speed limit by more than 80 km/h results in criminal penalties such as a fine of up to 300,000 won or detention, rather than just a fine or penalty charge.

When the police informed Chairman Gu's side of the violation, Manager Kim, after confirming the matter, appeared at the police station on December 23 last year and stated, "I was driving the car."

Later, Manager Kim appeared again at the police station and retracted his statement, saying, "Actually, I was not the one driving." Around March, Chairman Gu also directly admitted to the police, "I was the one driving."

An LS Electric official explained, "After belatedly confirming the police's contact and trying to understand the situation, it is believed that Manager Kim said he was driving because he thought he only needed to pay a simple fine. Later, during the police investigation, he stated that he was not the driver. This was not an attempt to switch drivers or avoid criminal punishment."

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