[WORLD] 7.6 Billion Won or 7 Million USD Additionally Seized from Chun Doo Hwan

Maximiliano VCHK, Oct. 30, 2013, 11:28 a.m.


An additional 7.6 billion Won has been seized by order of the Seoul Central Prosecutor's Office.  The assets belonged to family members of disgraced ex-president Chun Doo Hwan, and were seized as part of an unpaid 220.5 billion Won fine.

With this past seizure, a total of 60.9 billion Won has been confiscated, but there is still 159.6 billion Won left.

Prosecutors stated that Chun's family will also be auctioning off two real estate assets, in total worth 23 billion Won.  The real estate in question belongs to Chun's third son Jae Man and his daughter Hyo Sun.

Also up for auction will be twenty diamonds and fifty sapphires and rubies that were also confiscated.  Four Cartier watches will also be up for auction.

Authorities in the meantime are searching for accounting firms that will handle the sale of another piece of real estate in Gyeonggi Province owned by Chun's eldest son Jae Kook.

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