Why Has South Korea's Ex-first Lady Kim Keon Hee's Detention Been Extended?

Synopsis
Key Takeaways
- The detention of Kim Keon Hee has been extended to August 31.
- She faces serious charges including stock manipulation and political interference.
- The special counsel must indict her within the current detention period.
- Kim Ye-seong's detention has been extended to September 1.
- Investigation into IMS Mobility is ongoing.
Seoul, Aug 20 (NationPress) The detention of South Korea's former first lady Kim Keon Hee has been prolonged by 10 days, now set to conclude at the end of this month, as stated by special counsel Min Joong-ki's team.
The team announced in a press release that a court made the decision to extend Kim's detention to August 31, according to the Yonhap News Agency.
Initially, her detention was scheduled to end on Thursday, marking 10 days after the court issued a warrant for her arrest. She faces serious allegations involving a stock manipulation scheme, interference in candidate nominations for the 2022 parliamentary by-elections and 2024 general elections, and accepting luxury gifts from the Unification Church via a shaman in exchange for business favors.
According to current legislation, the special counsel is required to indict the suspect within this extended detention period, with no option for further extensions.
The special counsel team has already called Kim for questioning regarding the corruption claims twice, with a third session scheduled for Thursday.
On the same day, it was also determined that the detention of Kim Ye-seong, known as the 'butler' for the former first lady’s family, will be extended to September 1.
He is under investigation for allegedly embezzling 3.38 billion won (approximately US$2.4 million) from IMS Mobility, a company in which he holds a stake.
The special counsel is probing claims that IMS Mobility unjustly secured investments from various firms, including Kakao Mobility Corp., in 2023.
Given that IMS Mobility was practically in financial distress at the time, special prosecutors suspect the investments may have been made due to connections with Kim and the former first lady.
Kim Keon Hee was taken into custody at a detention center in southwestern Seoul last week after a court issued a warrant against her for her involvement in a stock manipulation scheme, meddling in candidate nominations for the 2022 parliamentary by-elections and 2024 general elections, and receiving luxury gifts from the Unification Church via a shaman in exchange for business favors.