Authorities have found suspicious money transactions of large sums while investigating Core Contents Media's CEO Kim Kwang Soo�for misappropriation of funds.�
Currently, Kim Kwang Soo is being investigated for misappropriating a portion of the 4 billion KRW (~ 3.9 million USD) that was given by�Kim Kwang Jin�(former chairman of�Hyundai Swiss Savings Bank) to use for his son, singer�Kim Jong Wook's debut and promotions. It's said this investigation was brought about after a petition was filed back in October of last year.
According to Seoul News�on the 15th, while the Seoul Central District Court's�Financial and Tax Crime Department was investigation Kim Kwang Soo, they noticed that he had suspicious transactions with actress H as well as CJ E&M. Because of this, some believe that the investigations will spread from Kim Kwang Soo to cover many more in the industry.
SEE ALSO: Core Contents Media's CEO Kim Kwang Soo being investigated for alleged misappropriation of funds
Currently, Kim Kwang Soo is being investigated for misappropriating a portion of the 4 billion KRW (~ 3.9 million USD) that was given by�Kim Kwang Jin�(former chairman of�Hyundai Swiss Savings Bank) to use for his son, singer�Kim Jong Wook's debut and promotions. It's said this investigation was brought about after a petition was filed back in October of last year.
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