[Photo] ‘Hwacheon Daeyu Major Shareholder’ Kim Man-bae Appears at Prosecutors' Office as Suspect

Kim Man-bae, the major shareholder of Hwacheon Daeyu Asset Management and a key figure in the Daejang-dong development lobbying and preferential treatment allegations, is appearing as a suspect at the Seoul Central District Prosecutors' Office in Seocho-gu, Seoul, on the 11th. Photo by Yoon Dong-ju doso7@

Kim Man-bae, the major shareholder of Hwacheon Daeyu Asset Management and a key figure in the Daejang-dong development lobbying and preferential treatment allegations, is appearing as a suspect at the Seoul Central District Prosecutors' Office in Seocho-gu, Seoul, on the 11th. Photo by Yoon Dong-ju doso7@

Kim Man-bae, the major shareholder of Hwacheon Daeyu Asset Management and a key figure in the Daejang-dong development lobbying and preferential treatment allegations, is bowing his head while appearing as a suspect at the Seoul Central District Prosecutors' Office in Seocho-gu, Seoul, on the 11th. Photo by Yoon Dong-ju doso7@

Kim Man-bae, the major shareholder of Hwacheon Daeyu Asset Management and a key figure in the Daejang-dong development lobbying and preferential treatment allegations, is appearing as a suspect at the Seoul Central District Prosecutors' Office in Seocho-gu, Seoul, on the 11th. Photo by Yoon Dong-ju doso7@

Kim Man-bae, the major shareholder of Hwacheon Daeyu Asset Management and a key figure in the Daejang-dong development lobbying and preferential treatment allegations, is appearing as a suspect at the Seoul Central District Prosecutors' Office in Seocho-gu, Seoul, on the 11th. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Yoon Dong-joo] Kim Man-bae, the major shareholder of Hwacheon Daeyu Asset Management and a key figure in the Daejang-dong development lobbying and preferential treatment allegations, appeared on the 11th at the Seoul Central District Prosecutors' Office in Seocho-gu, Seoul, as a suspect. Kim is suspected of having agreed to give 25% of the development profits as a reward for receiving benefits during the promotion of the Daejang-dong development project from Yoo Dong-gyu, former head of planning at Seongnam Urban Development Corporation.