Arrest Warrant Sought for Man in His 20s Who Stole Company Funds and Vehicle Two Months After Joining

Exterior view of Damyang Police Station.

A man in his twenties was apprehended by the police after stealing company funds and a vehicle just two months after joining the company.

On September 12, Damyang Police Station in South Jeolla Province announced that it had requested an arrest warrant for Mr. A (in his twenties) on charges of theft, for embezzling company funds and stealing the company president's car.

Mr. A is accused of transferring approximately 13 million won from the company's bank account to his own account and stealing the funds at around 8:20 a.m. on September 9 at an office in Damyang. The investigation revealed that Mr. A had access to the company's bank account password and other information through his work duties.

He reportedly joined the company in July after his friend suggested they work together at a relative's business, but committed the crime after just two months. After stealing the money, Mr. A immediately fled in the company president's car, which was parked in front of the office.

During his escape, the car became inoperable due to a punctured tire, so he abandoned the vehicle and his mobile phone in a vacant lot in Gimje, North Jeolla Province, and fled into a nearby mountain. Mr. A then used public transportation to return to Gwangju, where he hid in a motel, but was apprehended by police two days later after they tracked his whereabouts.

Mr. A reportedly stated that he committed the crime due to financial hardship. The police plan to conduct a further investigation into the details of the incident as soon as the arrest warrant is issued.