Prosecutors Raid Shin Young-dae Lawmaker's Local Office Over Saemangeum Solar Power Corruption Allegations

Securing Statements on 'Cheongtakseong Bogo'

The prosecution investigating allegations of corruption surrounding the Saemangeum floating solar power project conducted a search and seizure at the district office of Shin Young-dae, a member of the Democratic Party, on the 2nd.

Seoul Northern District Prosecutors' Office.

The Seoul Northern District Prosecutors' Office's National Financial Crime Joint Investigation Unit (Chief Prosecutor Min Kyung-ho) sent investigators to Shin's district office in Gunsan, Jeonbuk, that morning to secure related materials.

The prosecution reportedly obtained testimony indicating that Seo, the CEO of Gunsan Citizen Development Co., who was arrested on the 17th of last month on charges of receiving about 100 million won in bribes (intermediation fees) in exchange for lobbying related to the Saemangeum solar power project from local government officials in Gunsan and political and government figures in 2020, made lobbying reports to Shin.

The prosecution suspects that Choi, the head of the Saemangeum Solar Power project, a special purpose company (SPC) jointly established by Korea Hydro & Nuclear Power and Hyundai Global, made such lobbying requests to Seo when the Saemangeum project was delayed due to environmental pollution complaints from civic groups.

The prosecution is investigating whether Seo made lobbying reports to the political circles at Choi's request.

The Saemangeum floating solar power project is the largest floating solar project to date, creating a power generation complex over an area about 10 times the size of Yeouido. The total project cost amounts to 4.62 trillion won.

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