Prosecutors are considering whether to investigate a decades-old massive slush fund linked to former President Roh Tae-woo, after it surfaced in a high-profile divorce suit involving the chairman of SK Group, sources said Tuesday. The move came five days after a complaint was filed calling for an investigation into nine individuals, including SK Chairman Chey Tae-won, his estranged wife Roh Soh-yeong and the wife of the late former President Roh, on suspicions of concealing the slush fund and tax evasion. The Seoul Central District Prosecutors Office has assigned the complaint to its criminal proceeds confiscation division. Prosecutors are expected to review the details of the complaint to determine whether to launch an investigation or dismiss it. The complaint follows the Seoul High Court's decision in May, which ordered Chey to pay 1.38 trillion won (US$1.03 billion) in property division to Roh Soh-yeong, making it South Korea's most expensive divorce suit. The court recognized that a purported slush fund of 30 billion won was transferred from the former president to Chey Jong-hyun, a former SK chairman and the late father of the current chairman, and that it served as seed money for the group's development. In 1997, former President Roh was given a finalized sentence of 17 years in prison and fined around 260 billion won for corruption, mutiny related the 1979 military coup and other offenses before being pardoned the same year. However, the reported 30 billion-won slush fund was n Source: Yonhap News Agency
Prosecutors reviewing whether to investigate court-recognized slush fund linked to ex-President Roh
Recent News
Taiwan Shares Rise by 1.47% Amid Strong Turnover
August 26, 2026
Taiwan Shares Surge Over 600 Points Amid Nvidia Optimism
August 26, 2026
Hiker Swept Away by Rising Stream Waters in Hualien
August 26, 2026
Taiwan Reports First Domestic Cases of Mpox Clade Ib Strain
August 26, 2026