Monday, November 29

Chun Doo-hwan, who praised ‘Friendly Loyalty’ for a bribe… 2nd and 3rd generation chaebols who answered in harmony

In a mortuary that even conservative opposition politicians do not often visit
Lee Jae-yong, Choi Tae-won, Jeong Eui-sun, Kim Seung-yeon, etc.

On the 25th, a wreath of condolences from business people was placed next to the grave of Chun Doo-hwan at Sinchon Severance Hospital in Seodaemun-gu, Seoul. From left, Korea Chamber of Commerce and Industry Chairman Choi Tae-won (SK Group Chairman), Samsung Electronics Vice Chairman Lee Jae-yong, Hanwha Group Chairman Kim Seung-yeon, Korean Federation of Businesses Huh Chang-su, Hyundai Motor Group Chairman Park Gang-su reporter [email protected]

“The reason businesspeople paid money came from businesspeople’s loyalty to friendship.” On February 26, 1996, Chun Doo-hwan, who sat in the Supreme Court of the Seoul District Court (Seoul Central District Court) No. 417, on charges of raising a large amount of slush funds during his tenure as president, answered Kim Seong-ho, the then-President of the Seoul District Prosecutors’ Office (Seoul Central District Prosecutor’s Office)’s special 3rd division prosecutor’s newspaper. Chun was indicted on charges of receiving 225.9 billion won in bribes from 43 companies including Samsung, Hyundai, SK (then Sunkyung) and Hanwha (then Korea Explosives) from 1982 to 1987, when he resigned from the presidency. Life imprisonment and fines of 220.5 billion won were confirmed. Twenty-five years later, on November 26, 2021, at the Sinchon Severance funeral home in Seoul where the burial place of the deceased Jeon was prepared, the wreaths of the second and third generations of the chaebol heads who paid bribes were placed one after the other. Most incumbent politicians are reluctant to pay condolences, and the harmony sent by businessmen to a mortuary where harmony is not sent stands out. Samsung Electronics Vice Chairman Lee Jae-yong, Hyundai Motor Group Chairman Chung Eui-sun, SK Group Chairman Choi Tae-won, Hanwha Group Chairman Kim Seung-yeon… In harmony with the past, the shadows of the political and economic ties in which the president raised chaebols to maintain the dictatorship, and the chaebols gave money in return, are cast in harmony. According to the ‘1st trial judgment on the 12/12 and 5/18 cases and the Chun Doo-hwan and Roh Tae-woo power-type fraudulent hoarding cases’, Jeon received 22 billion won from Samsung Group Chairman Lee Byung-cheol eight times from December 1983 to October 1987. received illegal political funds from The purpose was to ask the Samsung Group to take precedence in performing duties related to corporate management, such as finance and tax administration. Jeon also received 22 billion won in bribes from Hyundai Group Chairman Chung Ju-young seven times from December 1982 to December 1987. In addition, he took 15 billion won from Chairman Choi Jong-hyeon Seon-kyung and 7 billion won from Korea Explosives Chairman Kim Seung-yeon. However, the company heads were not charged because the statute of limitations of five years had passed.

February 27, 1996 <Hankyoreh>  page 2

February 27, 1996 page 2

At the first trial of the slush fund case held in 1996, Chun made a sophistry claiming justification for taking bribes. Jeon, who stood before the court as a defendant, told the prosecutor’s newspaper, “At the time (President) took office, I didn’t know the business people very well, so I sent them back if they offered money, but the businesspeople were rather anxious to the point that they couldn’t sleep at night. There was a lot,” he said. He added, “Wherever there is politics, there will inevitably be political funds.” He also added an evaluation of the head of the chaebol during the newspaper. If you look at the 4th page of February 27, 1996 (‘People’s Review of the Jeon Clan’s Trial Tribunal’s General Character Review’), regarding former Chairman Chung Ju-young, “He is a person who created something out of nothing. Even if such a person visits the president and gives money to spend on national affairs, would he give the money by making individual requests? Chairman Jung is not that incompetent.” Regarding former Chairman Lee Byung-chul, he said, “To be honest, it was difficult to meet even the President. He is a very proud person, and he mainly goes to Japan, so I haven’t met him a few times during his tenure.” Regarding Chairman Kim Seung-yeon, who was arguing over inheritance, he replied, “I once called him for education.” SK Chairman Chey Tae-won sent the harmony in the name of Chairman of the Korea Chamber of Commerce and Industry. Sunkyung, the root of SK, is a company that expanded through mergers and acquisitions under the Chun Doo-hwan administration. Sunkyung Textile Company, founded by former Chairman Choi Jong-gun, the uncle of Chairman Chey Tae-won, took over Korea National Oil Corporation (Yugong), a public corporation, in November 1980. Sunkyung, who took over Yugong, which is 10 times its sales, jumped from the top 10 in the business world to the top 5. Former Minister of Energy and Energy Choi Dong-gyu, in his essay collection, also reported the recollection of Mr. Jeon also said about receiving money from former Chairman Choi Jong-hyun at the previous trial on the bribery case, saying, “He gave him money for the election because he was in-law (Roh Tae-woo).” M&M President Choi Cheol-won, who is the cousin of Chairman Chey Tae-won, visited the funeral home on the 25th and paid tribute to him. I told the bereaved family to pay the prize well and cheer up,” he said. On the 26th, he also visited the funeral home to meet Jeon’s third son, Jae-man, who returned to Korea the day before. Chairman Choi said, “I couldn’t meet Jeon Jae-man, whom I’ve known since elementary school, so I came today to see his face and hold his hand at least once.” An official from a group that sent a harmony to the funeral of Mr. Jeon said, “(At the company), we send a harmony to a former president or celebrities as a courtesy, but this time, it’s just that level.”

February 27, 1996 <Hankyoreh>  4 sides

February 27, 1996 page 4

Reporter Lee Woo-yeon, Jang Hyun-eun, and Lee Seung-jun [email protected]

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