US says it helped recover $39 million tied to former South Korean president

WASHINGTON (REUTERS) - The US Justice Department said on Wednesday it had worked with the South Korean authorities to recover more than US$28.7 million (S$39 million) in corruption proceeds linked to former South Korean president Chun Doo Hwan.

More than US$1.2 million will be forfeited to the United States.

Chun was convicted in a South Korean court in 1997 for accepting more than US$200 million in bribes.

He laundered some of those funds through trusts and shell companies in the United States, the Justice Department said.