Prosecutors Collect Lee Hee-jin's Additional Punishment of 12.2 Billion KRW for 'Cheongdam-dong Stock Rich'

The prosecution has fully recovered the so-called "Cheongdam-dong stock rich" Lee Hee-jin's additional 12.26 billion won.

The Seoul Central District Prosecutors' Office said it traced hidden assets such as borrowed-name real estate and virtual assets owned by Lee, recovered the full amount of the additional fines, and attributed them to the national treasury.

Lee was sentenced to three and a half years in prison, a fine of 10 billion won, and a fine of 12.26 billion won by the Supreme Court in 2020 for attracting tens of billions of won in illegal investment, including recommending unlisted stocks to investors after setting up a company without obtaining financial investment business license.

When Lee failed to pay the remaining amount after paying only 2.8 billion won, which is part of the additional fine, the prosecution has collected the full amount of the additional fine in eight months after seizure of hidden assets and civil litigation since April.