Breaking News: Prosecutors Indict Lawmakers Kang Sun-woo, Kim Kyung Over 100 Million Won Nomination Bribe

Society|
|
By Kim Su-ho
||
null - Seoul Economic Daily Society News from South Korea

The Seoul Central District Prosecutors' Office indicted independent lawmaker Kang Sun-woo (formerly of the Democratic Party of Korea) and former Seoul City Council member Kim Kyung on Wednesday after the two were arrested for allegedly exchanging 100 million won ($73,000) as a nomination donation during the 2022 local elections.

The office's Public Investigation Division 2, led by senior prosecutor Kim Hyung-won, said it formally indicted both with detention on Wednesday. Kang faces charges of violating the Political Funds Act, the Improper Solicitation and Graft Act, and breach of trust for receiving bribes. Kim, who allegedly handed over the money, faces charges of violating the Political Funds Act and providing bribes in breach of trust.

Kang, then a member of the Democratic Party of Korea, allegedly received 100 million won in cash from Kim at a hotel in Seoul's Yongsan district in January 2022, ahead of the June local elections that year, in exchange for securing a party nomination. Kim subsequently received the party's sole nomination in Kang's constituency of Gangseo-gu, Seoul, and won the election.

Original reporting by Kim Su-ho for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

Watch · Seoul Economic Daily

More →

AI KEY

Preview
Korean Corporate Intelligence HubKOSPI · KOSDAQ · 12 sectors

A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.

Korea Company Atlas

Preview
Market Ontology · The Feedback LoopKFTC 2025 · 92 groups · 121,954 articles

An English ontology of the Korean market — how companies, the media, the government and the National Assembly move each other in a loop. Korea's named controlling persons and designated business groups are a mechanism, not a risk to be priced blind.

SIGNAL

Pre-register
English Edition · Capital MarketsM&A · IPO · PE · Fund Flows

Pre-register for SIGNAL English Edition — a premium subscription bringing Korean capital markets coverage (M&A, IPOs, private equity, fund flows) to global institutional investors. First access to the 50% introductory rate.