Prosecutors probe T-ara agency chief
Published: 15 Sep. 2014, 18:49
Kim Kwang-soo
The Seoul Central District Prosecutors’ Office is currently looking into whether the 53-year-old CEO mishandled company money, including 4 billion won ($3.92 million) that Kim Kwang-jin, the former chairman of Hyundai Swiss Savings Bank, paid to the agency for his son’s debut.
The son, Kim Jong-wook, 32, is a trainee singer under Core Content Media.
When news reports suggested yesterday morning that the CEO had been indicted, the man himself announced through his lawyer in a press release that the reports were “false” and were based on “exaggeration.”
“If I shall be summoned by the prosecutors’ office, I will comply and prove I am absolutely innocent,” he stated in a press release.
By Lee Sung-eun
with the Korea JoongAng Daily
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