'Woori Bank Unfair Loan Allegation' Former Chairman Son Tae-seung's First Trial on the 11th

Illegal Loans of 51.745 Billion Won to Brother-in-law

The first trial of Sohn Tae-seung, former chairman of Woori Financial Group, who is suspected of illegal loans at Woori Bank, will be held on the 11th.

Son Tae-seung, former chairman of Woori Financial Group, is heading to the court. Photo by Yonhap News

According to the legal community on the 5th, the 15th Criminal Division of the Seoul Southern District Court (Chief Judge Yang Hwan-seung) will hold Sohn's first trial at 2 p.m. on the 11th. Defendants in criminal cases are required to attend formal trials.

Sohn was formally indicted without detention on the 21st of last month on charges of illegally lending 51.745 billion won in 23 installments from September 2021 to August 2023 to a company operated by his brother-in-law, Kim, under the Act on the Aggravated Punishment of Specific Economic Crimes, including breach of trust.

It is known that Sohn purchased real estate with Kim using the loan funds, resold it to gain capital gains, and received a luxury car from Kim. Of the loan amount, 43.3 billion won has not yet been repaid.

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