Ex-Ssangbangwool chief said to have paid N. Korea $8 mil. in 2019 on behalf of Lee, Gyeonggi Province
Kim Seong-tae, former chairman of underwear maker Ssangbangwool Group, arrives at Incheon International Airport, west of Seoul, from Thailand, Jan. 17. YonhapAn arrested underwear tycoon allegedly said he delivered $8 million to North Korea in 2019 to help promote Gyeonggi Province's smart farm project and then Gov. Lee Jae-myung's visit to the North, informed officials said Tuesday.Kim Seong-tae, former chairman of underwear maker Ssangbangwool Group, who was nabbed in Thailand in early January after months on the run, reportedly made the controversial remarks during questioning by prosecutors in Suwon, 34 kilometers south of Seoul.The Suwon District Court issued an arrest warrant for Kim on Jan. 20 on multiple charges, including embezzlement, bribery and the illegal transfer of cash to North Korea.Previously, Kim told prosecutors that he only handed a total of over $5 million to North Korea on two occasions in 2019 to pursue economic cooperation rights involving the North.As the prosecution presented other related documents, however, the underwear tycoon reportedly disclosed an add
Jan 31, 2023