Key suspect in corruption-laden development scandal detained
Lawyer Nam Wook, a key partner in a corruption-laden urban development project involving a former aide to the ruling Democratic Party's presidential nominee, is surrounded by reporters at Incheon International Airport, Oct. 18. YonhapA key partner in a corruption-laden urban development project involving a former aide to the ruling Democratic Party's presidential nominee was detained upon his arrival from the United States on Monday for questioning over bribery and other allegations.Nam Wook is believed to be holding a key to resolving suspicions over how a previously unheard-of asset management firm, Hwacheon Daeyu, and its seven affiliates reaped astronomical profits from a 2015 project to develop the Daejang-dong district in Seongnam, south of Seoul, into an apartment complex.Partners of the project, including Nam who owns one of Hwacheon Daeyu's seven affiliates, were accused of colluding with Yoo Dong-gyu, acting president of Seongnam Development Corp., to have the asset firm take part in the lucrative project.Upon arrival at Incheon International Airport from Los Angeles, Nam w
Oct 18, 2021