Key Figures in Saemangeum Floating Solar Power Corruption Arrested... Investigation Accelerates

The prosecution has secured the custody of a key figure involved in corruption allegations surrounding the Saemangeum floating solar power project.

On the 25th, the Seoul Northern District Prosecutors' Office Joint Investigation Team on National Financial Crimes (led by Chief Prosecutor Min Kyung-ho) is conducting a detention investigation of Choi, the project manager of Saemangeum Solar Power.

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The Seoul Northern District Court issued an arrest warrant for Choi on the 22nd, citing concerns over potential evidence destruction.

Choi served as the project manager at Saemangeum Solar Power, a special purpose company (SPC) jointly established in December 2018 by Korea Hydro & Nuclear Power (KHNP) and Hyundai Global for the Saemangeum floating solar power project.

With Choi's detention, the prosecution's investigation into the corruption allegations related to the Saemangeum floating solar power project is expected to accelerate.

In January, the prosecution conducted raids on KHNP headquarters, Hyundai Global offices, and Saemangeum Solar Power offices in connection with allegations that KHNP entered into an unfair contract by jointly establishing the SPC with Hyundai Global, which did not hold a design business license, during the promotion of the Saemangeum floating solar power project.

The Saemangeum floating solar power project is a plan to build the largest floating solar power plant ever in the Saemangeum area, with a total project cost reaching 4.62 trillion won.

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