Husband Who Embezzled 1.8 Billion KRW During Divorce Lawsuit Faces Trial

The Criminal Division 1 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Lee Seung-hoon) announced on the 25th that they have indicted a man in his 50s, Mr. A, along with seven of his relatives and acquaintances without detention on charges of embezzling over 1.8 billion KRW in assets during a divorce lawsuit (including evasion of compulsory execution).

According to the prosecution, Mr. A is accused of embezzling or hiding approximately 2 billion KRW worth of assets, including buildings and deposits under his name, by transferring them to relatives and acquaintances through false debt repayment and account transfers after his wife, Ms. B, filed for divorce in February 2018, anticipating the division of these assets.

After the first trial ruling ordering the division of 800 million KRW in assets, Mr. A is also under investigation for creating false debts by setting a mortgage worth about 1.4 billion KRW on land and buildings valued at approximately 1 billion KRW under the names of his siblings and others.

Ms. B reportedly did not receive her share due to the organized concealment of assets by Mr. A and others, even after the final ruling on asset division in February 2022, but was compensated during the prosecution's investigation.

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