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Prosecutors “Lee Jae-myung directs Doosan E&C to review ‘profit recovery plan'”

The prosecution, which has been investigating the Seongnam FC sponsorship claim, has seized on the situation where Lee Jae-myung, chairman of the Democratic Party of Korea, had directly instructed him to find a way to recover development profits while he was the mayor of Seongnam.

On the 30th of last month, the prosecution indicted the former leader of the Seongnam City Strategic Promotion Team, Mo Kim and the former CEO of Doosan E&C on bribery charges. This mayor conspired with them, including directing them to look for them.”

According to MBC’s comment, the prosecution in November 2014, when Seongnam City was reviewing the issue of changing the use of the Doosan E&C medical site and increasing the floor area ratio, then mayor Lee Jae-myung said, ‘ Review and report a plan to recover some of the profits’ I think it was ordered.

The following year, Doosan E&C signed an agreement to give 10% in exchange for change of use, etc., and to provide KRW 5 billion to Seongnam FC, where CEO Lee also owns the club.

Seongnam City decided to raise half of the 15 billion earned in operating funds through corporate sponsorship and a public offering to citizens when the Unification Church-related Tongil Group took over Seongnam Ilhwa, which had given up control, as a club municipality at the end of 2013.

The prosecution believes that Lee Jae-myung may not be able to keep his political promises when the actual fundraising amount is not sufficient to reach the goal, so he believes that he received unfair support from companies with pending licensing issues .

Representative Lee previously criticized the use of third-party bribery, saying, “The profits of Seongnam FC belong to Seongnam City, and it is impossible for the mayor, the owner of the club, to make a profit.”