'720 Billion Repayment Delay' Lumen Payments CEO's Escape Aider Detained

The prosecution has arrested A (50), an acquaintance of Kim, the CEO of Lumen Payments who fled after causing a repayment delay of approximately 72 billion won, on charges of aiding his escape.

Seoul Southern District Prosecutors' Office, Yangcheon-gu, Seoul.
Photo by Daehyun Kim kdh@

On the 3rd, the Financial and Securities Crime Joint Investigation Division of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Gong Jun-hyeok) announced that an arrest warrant was issued for A on charges of aiding a fugitive.

A helped Kim, who fled after failing to appear at the pre-trial detention hearing on the 23rd of last month. A provided Kim with a borrowed mobile phone, hiding places, and vehicles while moving between provinces and Seoul. They were both apprehended on the 30th of the same month in Yeongdeungpo-gu, Seoul.

Kim is suspected of embezzling about 72 billion won by obtaining advance loans from Cross Finance, an online investment-linked finance company, using false credit card sales receivables as collateral through a paper company.

A prosecution official stated, "We will strictly punish various financial crimes using new methods and offenders who obstruct judicial order to protect ordinary citizens, bona fide investors, and small business owners."

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