The Seoul Central Prosecutor's Office has seized another W7.6 billion worth of assets belonging to the family of disgraced ex-President Chun Doo-hwan (US$1=W1,061).
The assets have been seized as part of an unpaid W220.5 billion fine for corruption in office imposed by the Supreme Court in 1997.
With Tuesday's seizure a total of W60.9 billion worth of Chun's assets have been confiscated, but that still leaves him owing W159.6 billion.
Prosecutors said Tuesday that Chun's family will auction off two pieces of real estate worth W23 billion on Wednesday. The real estate belonged to Chun’s third son Jae-man and daughter Hyo-sun.
Prosecutors also plan to auction 20 diamonds and 50 sapphires and rubies that were confiscated from Chun's family. Another four Cartier watches are also being put up for auction.
Authorities, meanwhile, are looking for accounting firms to handle the sale of another piece of land in Gyeonggi Province that was owned by Chun's eldest son Jae-kook.