Prosecutors Conduct Search and Seizure on Hwang Jaebok, SPC CEO, Over Bribery Allegations Involving Investigator

The current CEO of SPC was caught in the act of bribing a prosecutor's investigator, prompting the prosecution to launch a forced investigation.

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

According to the legal community on the 11th, the Human Rights Protection Office of the Seoul Central District Prosecutors' Office (Chief Prosecutor Kim Hyeong-ju) conducted a search and seizure of the office within the headquarters in Yangjae-dong, Seoul, belonging to Hwang Jae-bok, the CEO of SPC, who is suspected of bribery.

The prosecution is reportedly suspicious that when Huh Young-in, chairman of SPC Group, was under investigation by the Fair Trade Investigation Division of the Central District Prosecutors' Office for charges including breach of trust, he gave bribes to an investigator A and in return tried to obtain investigation-related information.

The prosecution indicted Chairman Huh without detention last December on charges of breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes.

The bribery suspicion against CEO Hwang was detected during an investigation by the Public Investigation Division 3 of the Central District Prosecutors' Office (Chief Prosecutor Im Sam-bin) into PB Partners, an affiliate of SPC Group, regarding allegations of coercion for bakery workers at Paris Baguette to withdraw from the union.

CEO Hwang is a former CEO of PB Partners. He is also under investigation as a suspect in connection with the allegations of coercion to withdraw from the union.

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