Is South Korea's Ex-First Lady Facing Corruption Charges?

Synopsis
Key Takeaways
- Kim Keon Hee is the first former first lady in South Korea to face trial.
- She is accused of serious financial misconduct involving stock manipulation.
- Her trial coincides with her husband's legal troubles.
- The case raises significant questions about political integrity.
- Media coverage is allowed, increasing public engagement.
Seoul, Sep 24 (NationPress) Former South Korean first lady Kim Keon Hee attended the initial session of her corruption trial on Wednesday, clad in a dark suit and displaying her inmate number on her attire, as the court permitted media coverage.
The proceedings commenced at the Seoul Central District Court after she was transported from a detention facility in southwestern Seoul, where she has remained in custody since August 12.
With a mask partially concealing her face and her hair styled in a ponytail, Kim entered the courtroom and complied with an identity verification from the bench.
"I am currently unemployed," she stated. She also revealed her birth date as September 2, 1972, and expressed her preference against a jury trial.
Her inmate number, "4398", was visible on a badge affixed to her outfit. The media was allowed to capture photos and videos for approximately one minute before the trial began.
Kim is the first spouse of a former president to stand trial, coinciding with her husband, ousted South Korean President Yoon Suk Yeol, who is also facing charges related to his unsuccessful attempt to enforce martial law in December.
She is charged with breaching the Capital Markets Act, the Political Funds Act, and a law concerning the acceptance of bribes for mediation.
The first allegation pertains to claims that she colluded with a former head of Deutsch Motors, a BMW dealer in South Korea, and a close associate to manipulate the company's stock price, generating 810 million won (approximately $581,000) in illicit profits from 2010 to 2012.
The second allegation involves claims that she and her husband accepted free opinion polls worth 270 million won from a self-proclaimed power broker before the 2022 presidential election, in exchange for securing the nomination of former People Power Party Rep. Kim Young-sun for a parliamentary by-election later that year, as reported by Yonhap news agency.
The final accusation concerns her alleged acceptance of luxury gifts valued at 80 million won from an official of the Unification Church through a shaman in 2022, which purportedly included requests for favors.
The special counsel team probing her case has sought the court to freeze all assets pending the trial.