Overview

• The special counsel filed the warrant request on Aug. 7 under the Capital Market Act, the Political Funds Act, anti-bribery statutes at the Seoul Central District Court.
• A court hearing is scheduled for next Tuesday to determine whether Kim will be held in custody pending trial.
• If the court grants the warrant, she and her husband, ex-President Yoon Suk Yeol, would become the first former presidential couple detained in South Korea’s history.
• The warrant request followed more than seven hours of questioning during which Kim largely denied allegations of stock price manipulation, influence over candidate nominations and exchanging business favors for luxury gifts.
• This probe is one of three special counsel investigations launched by President Lee Jae Myung’s administration targeting the previous Yoon Suk Yeol government.