Prosecutors: "KH Baesangyun Escaped to Southeast Asia Like an Emperor"... Arrest Warrants Issued for 4 Executives

The prosecution revealed that Bae Sang-yoon, chairman of KH Group, who is under investigation for breach of trust involving approximately 400 billion won, has been living a 'luxurious fugitive' life in Southeast Asia, spending hundreds of billions of won of embezzled company funds.

Seoul Central District Prosecutors' Office, Seocho-gu, Seoul. Photo by Jinhyung Kang aymsdream@

The Seoul Central District Prosecutors' Office's Violent Crime Investigation Division (Chief Prosecutor Shin Jun-ho) stated on the 23rd that they confirmed this fact while investigating aides who recently returned to the country to track Chairman Bae's whereabouts. The prosecution explained that until recently, Bae, with the organized help of KH Executive Vice Chairman Woo and others, received Korean food shipments and personal assistance from aides while frequenting luxury resorts and golf courses in Southeast Asia. They added that Bae squandered hundreds of billions of won embezzled from affiliated companies on casino gambling in Vietnam, Thailand, Singapore, and other locations before and after his flight.

On the same day, the prosecution requested arrest warrants for four executives, including Woo, the head of the aide team, and local corporation officials in Vietnam, on charges of aiding a fugitive and habitual gambling facilitation. They stated, "We will hold the related parties strictly accountable through arrest and investigation for these criminal acts that disrupt the criminal justice order, which cannot be tolerated, and prevent recurrence of similar crimes." They also announced plans to "swiftly track and apprehend Chairman Bae through close cooperation with domestic and international related agencies."

The prosecution is investigating the case after uncovering evidence suggesting that Chairman Bae caused approximately 400 billion won in damages to affiliated companies while investigating the 'Pyeongchang Alpensia Resort bidding interference' case. They also suspect that he embezzled about 65 billion won of affiliated company funds for personal investments and gambling funds.

Chairman Bae has not returned since leaving the country last year for business reasons. The prosecution obtained an arrest warrant and issued an Interpol red notice last month. They also invalidated his passport through the Ministry of Foreign Affairs.

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