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Good days over for old gang bosses

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  • Published Apr 16, 2012 7:37 pm KST
  • Updated Apr 16, 2012 7:37 pm KST

By Na Jeong-ju

The leaders of the two biggest organized crime rings here are being pushed out amid the police’s toughening crackdown on gangsters and the growing need for a generational change in the underworld.

Cho Yang-eun, who founded the Yangeuni Family in 1978 and once made it the biggest gang in the country, publicly announced his “retirement” in 2009, but has remained the de-facto leader of the ring.

He is now hiding overseas as the police are investigating his involvement in a financial scam and an arrest warrant has been issued for the 61-year-old.