ROK police arrest ex-underwear boss for alleged business deal with North Korea



News ROK police arrest ex-underwear boss for alleged business deal with North Korea Prosecutors say Kim Seong-tae orchestrated transfer of some $6.4 million to DPRK in exchange for exclusive mining rights Ifang Bremer \| Yeji Chung January 17, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Money exchanging hands in front of a North Korean flag \| Image: NK News South Korean authorities arrested the former CEO of an underwear company and business conglomerate on Tuesday on allegations that he conducted illegal business dealings with North Korea, after the man spent months overseas on the run. Kim Seong-tae, the ex-chief of Ssangbangwool, is under investigation for illegal cash transfers to North Korean officials back in 2018, among other charges, the Suwon District Prosecutors' Office told NK News. South Korean authorities arrested the former CEO of an underwear company and business conglomerate on Tuesday on allegations that he conducted illegal business dealings with North Korea, after the man spent months overseas on the run. Kim Seong-tae, the ex-chief of Ssangbangwool, is under investigation for illegal cash transfers to North Korean officials back in 2018, among other charges, the Suwon District Prosecutors' Office told NK News. Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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ROK police arrest ex-underwear boss for alleged business deal with North Korea

Prosecutors say Kim Seong-tae orchestrated transfer of some $6.4 million to DPRK in exchange for exclusive mining rights

Ifang Bremer | Yeji Chung January 17, 2023

ROK police arrest ex-underwear boss for alleged business deal with North Korea

Money exchanging hands in front of a North Korean flag | Image: NK News

South Korean authorities arrested the former CEO of an underwear company and business conglomerate on Tuesday on allegations that he conducted illegal business dealings with North Korea, after the man spent months overseas on the run.

Kim Seong-tae, the ex-chief of Ssangbangwool, is under investigation for illegal cash transfers to North Korean officials back in 2018, among other charges, the Suwon District Prosecutors' Office told NK News.

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