Former Special Prosecutor Park's Closest Aide Yang Jae-sik, Former Special Prosecutor Assistant, Also Under Investigation

The prosecution investigating former special prosecutor Park Young-soo's alleged involvement in the Daejang-dong '5 billion won club' has summoned and is questioning Park's daughter.


Former Special Prosecutor Park Young-soo, who was indicted in the 'Fake Fisheries Businessman Bribery' case, is attending a trial held at the Seoul Central District Court in Seocho-gu, Seoul on the 11th. Photo by Kang Jin-hyung aymsdream@

Former Special Prosecutor Park Young-soo, who was indicted in the 'Fake Fisheries Businessman Bribery' case, is attending a trial held at the Seoul Central District Court in Seocho-gu, Seoul on the 11th. Photo by Kang Jin-hyung aymsdream@

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According to the legal community on the 24th, the Anti-Corruption Investigation Division 1 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Eom Hee-jun) summoned Park's daughter, Ms. Park, as a suspect and is currently investigating her. Earlier, on the 18th, the prosecution conducted a search and seizure of Ms. Park's residence and other locations on charges including violation of the Improper Solicitation and Graft Act.


Former special prosecutor Park is accused of receiving approximately 20 billion won worth of benefits and two detached houses as a bribe from private developers including lawyer Nam Wook in exchange for soliciting Woori Bank's participation in the Seongnam Uiteul consortium and the issuance of a letter of intent for project financing (PF) loans related to the Daejang-dong development project during his tenure as chairman of Woori Bank's board in November to December 2014.


The prosecution suspects that the preferential benefits worth about 2.5 billion won, including loans received by Park's daughter from Hwacheon Daeyu Asset Management, are part of the 5 billion won promised to former special prosecutor Park.


Additionally, the prosecution is also questioning Yang Jae-sik, a close aide and former special prosecutor assistant to Park, who was summoned today. The prosecution believes that during Park's 2014 campaign for the presidency of the Korean Bar Association, 30 million won in campaign funds was provided by Daejang-dong developers Kim Man-bae and Nam Wook. It is believed that Nam delivered the 30 million won in shopping bags to Park's election camp office through Yang in three to four installments.


Earlier, the prosecution summoned lawyer Lee, who managed the Bar Association presidential election funds, to verify the use of the election funds. Lawyer Lee was responsible for fund management in Park's election camp.



After completing investigations of Park's daughter and former assistant Yang, the prosecution is expected to decide whether to reapply for an arrest warrant for former special prosecutor Park.


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

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