'Hustem Korea' Denied Rehabilitation Application Amid 'Park Eun-jung Husband Retainer Controversy'

Court: "Insufficient Documents for Rehabilitation Application"

HuStem Korea Agricultural Cooperative Corporation (HuStem Korea), whose representatives are on trial for a multi-level marketing fraud involving over 1 trillion won, filed for rehabilitation with the court but was rejected.

According to the legal community on the 2nd, the Seoul Rehabilitation Court dismissed HuStem Korea's rehabilitation application on the same day, citing "insufficient documents to accept the rehabilitation application."

[Image source=Yonhap News]

Earlier, HuStem Korea filed for rehabilitation with the court on February 23. However, due to a lack of necessary documents for the rehabilitation process, the court issued a correction order on the 26th of the same month, instructing HuStem Korea to supplement and submit the missing information.

The HuStem Korea fraud case involved using a multi-level marketing-like organization disguised as an agricultural cooperative corporation, collecting over 1.19 trillion won in membership fees from more than 100,000 recruited members.

In January, prosecutors arrested and indicted the company’s representative, Mr. Lee, among others. However, controversy arose as it was revealed that attorney Lee Jong-geun, husband of former chief prosecutor Park Eun-jung?who was the number one proportional representative candidate for the Party for Innovation and Justice?represented HuStem Korea’s representatives and received 2.2 billion won in legal fees.

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