Former Chairman of Gyeongin Broadcasting Arrested and Indicted for Fraudulent Activities Using False Identity

Fled Abroad, Returned with Forged ID to Commit Multi-Billion Won Fraud
Returned with Real Identity After Escape and Assumed Chairman Position

Former Kyungin Broadcasting Chairman Kwon Young-man, accused of committing real estate fraud worth hundreds of millions of won by changing his identity, has been brought to trial while in custody. It was investigated that Kwon alternated between his own identity and a forged Chinese-Korean identity to carry out fraudulent activities both domestically and abroad.

The Criminal Division 3 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Jo Seok-gyu) announced on the 9th that Kwon was indicted on charges of fraud while in detention.

According to the prosecution, in September 2011, Kwon used a forged passport to impersonate a Chinese-Korean named A and deceived a victim by saying, "If you provide lobbying funds, I will award the electrical and telecommunications construction contract for a residential-commercial complex building in the Singal district of Yongin, Gyeonggi Province," thereby extorting 50 million won. In December of the same year, using the same method, he deceived another victim by promising, "If you give me money, I will provide the sales agency rights for the Singal district in Yongin," and extorted 350 million won.

Kwon fled to Australia in 2001 while under investigation for illegally borrowing 4.8 billion won using an apartment he falsely acquired in 2000 as collateral.

He then went to China, purchased A’s passport from a broker, and returned to Korea using it. He reportedly acquired a small corporation for 3 million won, changed the company name to 'Hyundai Dosigaebal'?similar to a major corporation’s name?and posed as the chairman to commit the fraud.

The prosecution has determined that Kwon squandered most of the 400 million won he earned from the crimes on gambling before fleeing to China.

He returned to Korea in 2014 under his real identity and was appointed chairman of Kyungin Broadcasting in 2023.

A prosecution official stated, "We will make every effort to maintain the prosecution so that the defendant receives a sentence commensurate with his crimes."

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