A portion of the assets of disgraced ex-President Chun Doo-hwan has been returned to state coffers 71 days after prosecutors launched a wide-ranging probe to recover a massive fine he owes.
Chun failed to pay W167.2 billion (US$1=W1,078) of a W220.5 billion fine for corruption on office imposed by the Supreme Court in 1997.
Prosecutors said Wednesday that W2.66 billion of Chun's family assets that were seized in the operation have been turned over to state coffers. The money comes from the sale of a property owned by Chun's eldest son Jae-kook in the tony Hannam area of Seoul.
Prosecutors seized most of the assets that the disgraced ex-president has now vowed to hand over. They include around 50 expensive artworks and land in Gangnam owned by Jae-kook, a building in Hannam owned by third son Jae-man, and land south of Seoul owned by daughter Hyo-sun. But the Chun family's ancestral burial plot in South Gyeongsang Province was not included.
"The burial grounds are not going to be sold off immediately because they are too widely scattered, so we did not seize them right away," a prosecutor said.
Meanwhile, Chun's nephew Lee Jae-hong, who managed Jae-kook's assets, obtained a court order guarding his own assets from seizure by applying for court-mediated debt workout.