Another Key Figure from the Seongnam Development Scandal is Found Dead

Here is the latest on the Seongnam Development Scandal that has become a key issue in the Korean presidential race:

 An official at a public development company was found dead Tuesday in an apparent suicide amid a probe into a corruption-ridden development project, which political foes allege involves ruling party presidential candidate Lee Jae-myung. 

Police in Seongnam, south of Seoul, said they discovered the body of Kim Moon-ki, head of the development division at Seongnam Development Corp., in an office of the company in the city at around 8:30 p.m.

Police were searching for Kim after his family reported him missing at 8:13 p.m. Authorities are investigating the exact cause of death.

Kim has been probed over his possible involvement in a massive corruption scandal surrounding a public-private apartment development project in the city. It was launched in 2015 when Lee, presidential candidate of the ruling Democratic Party, served as Seongnam mayor. 

Kim allegedly played a role in removing from the project contract a clause that would allow the city government to recoup excessive development profits from private investors.

Yonhap

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