'Lotte Management Dispute' Shin Dong-ju Illegal Advisory... Former KDB President Min Yu-seong Sentenced to 3 Years in First Trial

Former Korea Development Bank President Min Yuseong, who was prosecuted for providing legal advice despite not being a lawyer in connection with the Lotte Group management rights dispute, was sentenced to imprisonment in the first trial.

Min Yuseong, former president of the Korea Development Bank. Photo by Yonhap News

On the 16th, Judge Jeong Jaeyong of the Seoul Central District Court Criminal Division 21 sentenced former President Min, who was indicted for violating the Attorney-at-Law Act, to three years in prison and ordered the confiscation of 19.8 billion won. The court stated, "It is necessary to strictly punish this in order to promote the smooth operation of the legal order and the purpose of the attorney system."

Former President Min was prosecuted on charges of receiving approximately 19.8 billion won in return for providing legal services without a lawyer's qualification to Shin Dongju, Chairman of SDJ Corporation (former Vice Chairman of Lotte Holdings Japan), from October 2015 to August 2017, in relation to the so-called 'Lotte Group Brothers' War.'

It was understood that former President Min was responsible for overseeing various lawsuits, including selecting lawyers for Chairman Shin's acquisition of management rights of Lotte Group and planning criminal and administrative cases.

This content was produced with the assistance of AI translation services.