Prosecutors Seek Arrest Warrants for KDFS CEO Hwang Wook-jung and Others in KT Preferential Contract Case

The prosecution investigating KT Group's 'suspicion of preferential treatment in business allocation' filed arrest warrants on the 10th for Hwang Wook-jung, CEO of subsidiary KDFS, and other related individuals.

Seoul Central District Prosecutors' Office, Seocho-gu, Seoul [Photo by Yonhap News]

This is the first time the prosecution has sought to secure custody of related individuals since intensifying the investigation by raiding KT headquarters and others in May. The Fair Trade Investigation Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Lee Jeong-seop) filed an arrest warrant for CEO Hwang on charges including breach of trust, embezzlement, and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes.

Arrest warrants were also filed against Hong (Senior Manager) and Lee (Manager) from KT Headquarters' Management Support Office, as well as Kim, former Executive Director of KDFS and former Senior Executive at KT Telecop, on charges of violating the Fair Trade Act and accepting bribes related to breach of trust. The prosecution is investigating allegations that after former CEO Koo Hyun-mo took office in 2020, KT funneled facility management work of affiliates to KDFS and KSmate, disadvantaging two other companies.

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