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[Alpha Biz=(Chicago) Reporter Kim Jisun] Prosecutors have again sought an arrest warrant for Daewoo Shipbuilding & Marine Engineering Chairman Kim Yong-bin on charges of violating the Labor Standards Act.
Chairman Kim has been released on bail after being tried under arrest for collecting 28.5 billion won in unfair profits by raising stock prices through false disclosures and embezzling company funds.
According to legal circles on the 13th, the Criminal Affairs Department 6 at the Seoul Southern District Prosecutors' Office requested an arrest warrant for Chairman Kim on charges of violating the Labor Standards Act.
Kim is suspected of not paying a total of 2.7 billion won in wages and severance pay for a total of 248 workers at Daewoo Shipbuilding & Marine Engineering & Construction Co. and Korea Technology Corp.
"As the amount of arrears is large, the issue is serious and the victims are still complaining of serious pain such as difficulties in livelihood," the prosecution said. "We have requested an arrest warrant in consideration of the private use of company funds during the period of wage arrears."
Chairman Kim, who was previously indicted by the Seoul Southern District Court on charges of violating the Capital Market Act and embezzlement and breach of trust under the Specific Economic Crime-weighted Punishment Act, was released on bail on the 12th of last month.
Chairman Kim, who was arrested and indicted in April, expired in October. Under the Criminal Procedure Act, the detention period of a defendant on trial is up to six months from the date of indictment.
However, as the prosecution, which was planning to additionally indict him on charges of violating the Labor Standards Act, applied for an arrest warrant again, Chairman Kim was put under arrest again.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
