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3d ago

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

The decision follows the Supreme Court's confirmation of convictions in the Deutsch Motors case while dismissing a separate luxury handbag allegation.

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

  • South Korean prosecutors have announced a reinvestigation into former first lady Kim Keon Hee's alleged role in the Deutsch Motors stock manipulation scheme from 2009–2012.
  • The decision comes after the Supreme Court upheld the convictions of nine individuals involved in the scheme earlier this year.
  • Prosecutors previously decided not to indict Kim Keon Hee in October 2024 after an initial investigation into her alleged involvement.
  • Separately, the Seoul High Prosecutors Office rejected an appeal to reopen a probe into allegations of Kim's illegal acceptance of a luxury handbag.
  • The renewed investigation highlights ongoing scrutiny over high-profile political figures and their accountability in financial misconduct cases.