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The extradition of Kim Kyung-joon, the ex-chief of investment firm BBK, is in sight, as he is being sought by the liberal United New Democratic Party.
Kim is a key figure in a lingering stock manipulation scandal centered around BBK and a former business partner of main opposition Grand National Party presidential candidate Lee Myung-bak, who was involved in the investment firm but has denied all allegations of wrongdoing.
On Monday, a U.S. court approved a request by Kim to withdraw his appeal against an extradition order. As a result, the U.S. Marshals Service will review Kim's case and take procedures to accept the Korean Justice Ministry's request for Kim's extradition.
Kim was arrested by federal marshals at his home in Beverly Hills in May 2003 and was ordered to be extradited back to Korea in 2004. He resisted the extradition order by filing a habeas corpus petition with a U.S. court. Kim dropped the appeal on Oct. 3.
(englishnews@chosun.com )
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