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US seizes assets tied to ex-Korean president Chun Doo Hwan

Published on Sep 4, 2014 3:23 AM
 
In this 2009 file photo, Former South Korean president Chun Doo-Hwan offers a flower to the late former President Kim Dae-Jung at the memorial altar for Kim in a hospital in Seoul. US authorities said September 3, 2014 that they had seized a half-million dollars' worth of assets linked to corruption by former South Korean president Chun Doo Hwan. -- PHOTO: AFP

WASHINGTON (AFP) - US authorities said Wednesday that they had seized a half-million dollars' worth of assets linked to corruption by former South Korean president Chun Doo Hwan.

The Justice Department said it has taken control of a US$500,000 (Sing$626,000) investment by Chun's daughter-in-law in a Pennsylvania company - adding to $726,000 seized in February from a California real estate sale by Chun's son.

The former leader, now 83, seized power after the 1979 assassination of longtime military ruler Park Chung-Hee, and led the country for eight turbulent years marred by extensive corruption.

In a judgment confirmed by South Korea's Supreme Court in 1997, Chun was convicted of insurrection and corruption and ordered to pay 220 billion won (Sing$271 million) in restitution to the South Korean state.

 
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