A large number of Seongnam City's applications to the court for provisional seizure and injunctions on the assets of private operators involved in the Daejang-dong development have been accepted.
On the 15th, Seongnam City in Gyeonggi said that it received rulings of "grant" on 7 of the 14 applications it filed with the court to freeze the assets of private operators in the Daejang-dong development to recover criminal revenue they obtained unfairly.
The value of the assets of private operators for which the court granted the provisional seizure and injunction applications this time is about 16.69 billion won. Specifically, it was reported as attorney Nam Uk's assets of 42 billion won (4 cases, including 1 case of an injunction prohibiting the disposal of real estate) and accountant Jeong Young-hak's assets of 64.69 billion won (3 cases).
According to Seongnam City, in addition to the 7 grants, the court issued orders to provide collateral in 5 cases. Included in these is major shareholder of Hwacheon Daeyu, Kim Man-bae's assets of 410 billion won (3 cases). The remaining 2 cases, apart from the grants and the orders to provide collateral, are understood to be pending without decisions yet.
Seongnam City said, "The amount for which provisional seizure grants (7 cases) and orders to provide collateral (5 cases) have been issued so far is 517.3 billion won (12 cases), about 91% of the total claim amount of 567.3 billion won (14 cases)," adding, "We will also prevail in the main suits and return the Daejang-dong criminal revenue to the citizens."