A three week investigation has concluded that Nexon founder and chairman Kim Jung-ju likely gave more than eight hundred thousand in bribes to high ranking prosecutor Jin Kyung-joon, in a case regarding suspicious stock transactions. According to ongoing investigations, Jin received 425 million won from Nexon to buy stocks in the company, allowing the prosecutor to amass billions in profit in 2015.
Jin also received tens of millions of won from Kim for travel expenses and other luxuries including a company car and certain business deals. The 49 year old prosecutor has been dismissed from his position and is still investigating other claims of corruption against Kim. Kim Jung-ju, in related news, has stepped down from his position at Nexon.
It is important to note that Kim Jung-ju was found to be working alone. No charges have been, or are expected to be, brought against Nexon or its subsidiaries.
(Source: yonhapnews)
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