“Former Special Prosecutor Park Young-soo implicated in corruption and market manipulation scandal”

It has been revealed that former special prosecutor Park Young-soo in the Gukjeong Nongdan case served as legal advisor for two companies affiliated with CEO Ra Deok-yeon of H Investment Consulting, who is suspected of manipulating the market price in the stock market crash caused by SG Securities. In September of last year, former independent prosecutor Park signed a legal advisory contract with a golf academy run by Ra’s aide, and in January of this year, he also signed an advisory contract with a horseback riding resort company. Former Special Prosecutor Park said that he received a total of 66 million won in advisory fees from the two companies.

At the time of signing the advisory contract with these companies, former special prosecutor Park was already involved in various cases and was under investigation. Regarding the suspicion of corruption in the development of Daejang-dong, it was confirmed that he received 15 million won in advisory fees from Hwacheon Dae-yu per month, and that 500 million won was remitted to Hwacheon Dae-yu through the account of former special prosecutor Park in the early days of Dae-jang-dong development. Former special prosecutor Park is also related to Jo Woo-hyung, who was pointed out as the actual owner of Cheonhwa-dong No. 6. In 2011, when Cho was investigated on charges of arranging private businesses in Daejang-dong to receive loans from Busan Savings Bank, former special prosecutor Park was the lawyer.

The family and relatives of former Special Prosecutor Park also appear in the Daejang-dong case. Her daughter, who worked at Hwacheon Daeyu, received an apartment in Daejang-dong at a cheap price, and her in-laws monopolized the sale of apartments in Daejang-dong. In addition, former special prosecutor Park was sent to the prosecution in September 2021 on charges of receiving a Porsche rental car for free from a “fake fisherman,” and is indicted and tried in November of last year. At a time when self-reflection about causing a scandal is not enough, it is completely unacceptable for him to take on consulting fees for an additional company as an advisor. It is also questionable why Representative Ra’s side paid a large amount of money to former special prosecutor Park, who was embroiled in controversy, and entrusted him with legal advice.

Former Special Prosecutor Park is concentrating on drawing a line against manipulation of stock prices, saying, “There was no financial or stock-related content during the legal consultation.” Regarding the suspicions related to Daejang-dong, he claims that “there is no fact that he participated in the Daejang-dong development project,” and in the case of a fake fisherman, he even made the absurd claim that “the special prosecutor is not a public official.” There is no way to deplore the behavior of former Special Prosecutor Park, who abandoned even the minimum dignity that a high-ranking legal professional should show.