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South Korea’s Former First Lady Arrested in Stock-Manipulation Probe

A Seoul court granted the warrant based on prosecutors’ warnings that crucial evidence could be destroyed.

Overview

  • Kim Geon-hee was arrested in the early hours of August 13 on charges of violating the Capital Markets Act over suspected stock-price manipulation.
  • The Seoul Central District Court issued the arrest warrant late on August 12 after prosecutors warned she could destroy crucial evidence.
  • Prosecutors allege she received luxury items from the Unification Church in return for political favors and are investigating about 16 related incidents.
  • Her detention marks the first-ever arrest of a former South Korean president’s spouse and comes while her husband, Yoon Suk-yeol, is jailed on insurrection and obstruction charges.
  • The independent Special Prosecution Office, created in June to probe high-level corruption, has expanded its inquiry into political-religious networks, including recent raids on Unification Church offices.