Photo: First Lady Kim Geon-hee. Credit: Presidential Campaign of Yoon Suk-yeol.
The Deutsche Motors 도이치모터스 stock manipulation trial showed clear involvement by First Lady Kim Geon-hee 김건희 영부인, who has faced no investigation or charges.
During the December 2 hearing for Kwon O-su 권오수, the former president of Deutsche Motors alleged to have been involved in his company’s 2010 stock pump-and-dump scheme, prosecutors presented evidence that Kwon’s co-conspirators coordinated the timing of sales for 80k shares held in Kim’s account.
The criminal trial of Kwon, which began in February, has revealed significant evidence that Kim Geon-hee bankrolled the scheme to artificially raise the price of Deutsche Motors shares, and profited by selling the shares at the elevated price. Nevertheless, Kim has not faced any investigation or charges in connection with the case.