Most Popular
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Jung's paternity reveal exposes where Korea stands on extramarital babies
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Seoul city opens emergency care centers
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Opposition chief acquitted of instigating perjury
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Samsung entangled in legal risks amid calls for drastic reform
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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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Prosecutors on Tuesday sought a six-year prison term for food and entertainment conglomerate CJ Group chairman for alleged corporate crimes.
Lee Jay-hyun was indicted on charges of embezzling around 165.7 billion won (US$156 million) to create slush funds and evade taxes in the process.
Prosecutors also demanded that the chief of the country's 14th-largest conglomerate pay a fine of 110 billion won.
The 53-year-old tycoon is currently standing trial without being detained after a Seoul court extended the suspension of imprisonment, citing his poor health. Lee underwent a key transplant surgery.
A sentencing trial for Lee is scheduled to be held at the Seoul Central District Court in early February, court officials said.
(Yonhap News)
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