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[Alpha Biz=(Chicago) Reporter Paul Lee] Kim's son, who is under police investigation over the alleged creation of slush funds by software company Hangeul and Computer Chairman Kim Sang-chul, was arrested on the 5th.
Lee Do-haeng, a senior judge in charge of warrants at the Suwon District Court, issued an arrest warrant for Kim, who is suspected of dereliction of duty, after questioning the suspect before his arrest.
An arrest warrant has been issued for A, the head of a virtual asset Arowana Token issuer invested by a Hancom affiliate, on the same charge.
Judge Lee explained the reason for issuing the warrant, saying, "There is a risk of destroying evidence and fleeing."
The Gyeonggi Nambu Provincial Police Agency's anti-corruption and economic crime investigation team is investigating allegations that Chairman Kim raised slush funds with Arowana Token.
In October last year and July this year, the police raided the Hancom Tower chairman's office and affiliates' offices twice.
Arowana Token is a virtual asset invested in Hancom With, a blockchain company affiliated with Hancom.
Within 30 minutes of its first listing on April 20, 2021, the coin soared from its initial trading price of 50 won to 1,075 times (107,500%), raising suspicions of price manipulation.
Suspicions have also been raised that the slush funds created in the process flowed into the son, a director of the Hancom Group affiliate.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
