S. Korean prosecution to look into ‘black money’ confession by ex-president’s grandson

Chun Woo-won, a grandson of former South Korean president Chun Doo-hwan, had accused his family and acquaintances of various forms of misconduct. - @HOPE.WITH.JESUSS/INSTAGRAM

SEOUL (The Korea Herald/Asia News Network): South Korean prosecutors on Wednesday (March 22) said they are reviewing allegations of illicit funds surrounding the late former president Chun Doo-hwan’s family, sparked by his grandson’s recent confession on social media that his family was “living off black money”.

According to the Seoul Central District Prosecutors’ Office, the case has been allocated to the Criminal Proceeds Recovery Department to see if the disclosure made last week by Chun Woo-won – the grandson in question – constitutes a criminal allegation against the Chun family.