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4mo ago

Prosecutors Reopen Stock Manipulation Case Involving Former First Lady Kim Keon Hee

The decision follows the Supreme Court's confirmation of convictions in the Deutsch Motors scandal, while a separate handbag probe appeal is dismissed.

South Korean President Yoon Suk Yeol (L), alongside his wife, Kim Keon Hee, salutes the national flag during a luncheon with the South Korean squad for the Paris Paralympics at the guesthouse of Cheong Wa Dae in Seoul, in this file photo dated Sept. 13, 2024. The Constitutional Court upheld the impeachment of Yoon on April 4, 2025, removing him from office over his short-lived imposition of martial law in December. (Yonhap)
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Overview

  • The Seoul High Prosecutors’ Office has reopened its investigation into Kim Keon Hee's alleged involvement in the Deutsch Motors stock manipulation case from 2009 to 2012.
  • This move comes after the Supreme Court upheld the convictions of nine individuals, including Deutsch Motors' former chairman Kwon Oh-soo, for their roles in the scheme.
  • Prosecutors had previously decided not to indict Kim Keon Hee in October 2024 after an initial inquiry into her alleged involvement.
  • The criminal division of the Seoul High Prosecutors’ Office will directly oversee the renewed investigation into the stock manipulation allegations.
  • A separate appeal requesting a reinvestigation into allegations of Kim's acceptance of a luxury handbag was dismissed by prosecutors.