Former SK Networks Chairman Choi Sin-won Sentenced to 2 Years and 6 Months in Second Trial... Court Imprisonment

Choi Sun-won, former chairman of SK Networks, who was prosecuted on charges including embezzlement and breach of trust involving 200 billion won, was sentenced to prison and taken into custody during the appeal trial.

Choi Sin-won, former chairman of SK Networks. Yonhap News Agency

On the 16th, the Criminal Division 13 of the Seoul High Court (Presiding Judges Baek Gang-jin, Kim Seon-hee, and Lee In-su) sentenced former Chairman Choi, who was prosecuted for embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes, to 2 years and 6 months in prison, the same as in the first trial, and took him into custody in court.

Four former and current executives, including Cho Dae-sik, former chairman of the SK Supex Council, who were tried together, were acquitted as in the first trial.

Former Chairman Choi is accused of embezzling and breaching trust totaling approximately 223.5 billion won from six affiliates under the pretexts of pursuing a personal golf course business, paying false salaries to family and relatives, paying for personal capital increases, and supporting insolvent affiliates.

The first trial court recognized only some of Choi’s charges as guilty and sentenced him to 2 years and 6 months in prison. However, the court did not detain him in court, stating, "Considering Choi’s social status and attitude, there appears to be no risk of flight, and concerns about evidence tampering, which were issues in the first trial, have been almost resolved."

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