Kim Jun-ki, the founding chair of DB Group, who is suspected of submitting false affiliate data to the Korea Fair Trade Commission, has been sent to a summary trial.
According to legal sources on the 3rd, the Seoul Central District Prosecutors' Office Fair Trade Investigation Department (Director General Na Hee-seok) on this day summarily indicted Chair Kim, who faces charges of violating the Fair Trade Act, with a fine of 150 million won.
A summary indictment is a procedure in which prosecutors ask the court to impose a fine and other penalties through a written review instead of a formal trial.
The Korea Fair Trade Commission (FTC), which filed the complaint against the founding chair Kim, viewed that he omitted two foundations—Donggok Social Welfare Foundation and Donggok Forest Culture Foundation—and 15 companies, including Samdong Heungsang, Biltek, Neuron Engineering, Topserve, Comeland (formerly Samdong Land), Sangnok Steel, Pyeongchang City Bus, Gangwon Heungeop, Gangwon Ilbo, Gangwon Passenger Automobile, Donggu Farm, Yangyang City Bus, Daeji Farming, Dongcheol Packaging, and Gumi Resources, from the entities belonging to DB.
As a result of the Korea Fair Trade Commission (FTC) investigation, DB was found to have used the Donggok Social Welfare Foundation, which was excluded from the group in 1999, and its subsidiaries, at least since 2010, to maintain the controlling family's grip and for private interests.
Accordingly, the Korea Fair Trade Commission (FTC) in Feb. filed a complaint with prosecutors against the founding chair Kim on suspicion of violating the Monopoly Regulation and Fair Trade Act.