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ssangbangwool

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No evidence President Lee ordered North Korea payments, police conclude

Seoul police said there is no evidence Lee Jae Myung ordered Ssangbangwool to send $8 million to Pyongyang and closed the case.

2026.7.14

Kim Sung-tae, the former chairman of Ssangbangwool and a central figure in the suspected attempt to influence testimony in the company’s alleged remittance to North Korea, arrives at the Seoul High Prosecutors' Office building in Seocho District, southern Seoul, on Jan. 8. [NEWS1]

Ex-Ssangbangwool chairman denies all allegations in company's North Korea remittance case

Kim Sung-tae, the former chairman of Ssangbangwool and a central figure in the company's suspected attempt to influence testimony regarding its alleged remittance to North Korea, was summoned for questioning by prosecutors Kim denied all allegations.

2026.1.8

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The Supreme Prosecutors' Office in southern Seoul [YONHAP]

Ssangbangwool subsidiary raided over 'salmon and soju' testimony in North Korean remittance probe

A Ssangbangwool subsidiary was raided in an investigation into allegations that prosecutors used salmon and soju in a bid to sway testimony on alleged illegal remittances to North Korea.

2025.11.5

President Lee Jae Myung speaks during an emergency meeting on rainfall damage at a community center in Sancheong, South Gyeongsang, on July 21. [JOINT PRESS CORPS]

Lee Jae Myung's trial on payments to North Korea postponed

A court on Tuesday delayed proceedings in President Lee Jae Myung’s trial over suspicions of unauthorized payments to North Korea, effectively pausing all five criminal cases that began before he took office.

2025.7.22

Democratic Party (DP) leader Lee Jae-myung attends a supreme council meeting held at the DP's tent headquarters in front of Gwanghwamun in Jongno District, central Seoul, on March 31. [YONHAP]

DP chief Lee's bribery trial set to resume on April 23 following four-month halt

The trial of Democratic Party leader Lee Jae-myung, who faces charges of third-party bribery in connection with an alleged remittance to North Korea by Ssangbangwool Group, will resume on April 23, nearly four months after proceedings were halted.

2025.3.31

Lee Hwa-young, former vice governor for of Gyeonggi, speaks at a National Assembly hearing on Oct. 25. [NEWS1]

Appellate court sentences ex-Gyeonggi vice governor to 7 years, 8 months for illegal payments to North Korea

An appellate court sentenced Lee Hwa-young, former vice governor of Gyeonggi, to seven years and eight months in prison on Thursday over involvement in underwear maker Ssangbangwool (SBW) Group’s alleged illegal remittances to North Korea.

2024.12.19

Democratic Party (DP) leader Lee Jae-myung, left, and DP floor leader Park Chan-dae attend a meeting of the party's Supreme Council at the National Assembly in Yeouido, western Seoul, on Wednesday. [YONHAP]

DP chief Lee Jae-myung indicted for masterminding illegal payments to North Korea

Prosecutors on Wednesday filed an indictment against Democratic Party (DP) leader Lee Jae-myung, accusing him of being the mastermind and primary beneficiary of illegal payments by a South Korean underwear maker to North Korea.

2024.6.12

Former Gyeonggi Vice Governor Lee Hwa-young arrives at the Suwon District Court for his arrest warrant review on Sept. 27, 2022. [YONHAP]

Former Gyeonggi vice governor convicted for illegal payments to North Korea

Lee Hwa-young, a former vice governor of Gyeonggi, was sentenced on Friday to nine and a half years' imprisonment by the Suwon District Court on charges of collusion in an underwear manufacturer's illegal payments to North Korea.

2024.6.7

Former Ssangbangwool CEO Kim Seong-tae arrives at Incheon International Airport on Jan. 17, 2023 after being arrested in Thailand where he had stayed for eight months. [YONHAP]

Underwear boss accused of illegal North Korea remittance to be released on bail

According to the prosecutors' office, Kim Seong-tae of Ssangbangwool paid North Korea $8 million to facilitate the visit of Democratic Party leader Lee Jae-myung to North Korea when he was Gyeonggi governor.

2024.1.23

Democratic Party leader Lee Jae-myung appears at the Suwon District Prosecutors' Office in Suwon, Gyeonggi, on Tuesday. [YONHAP]

DP chief Lee Jae-myung appears for his sixth round of questioning

This is the sixth time he had been summoned to the prosecutor's office this year, with the latest inquiry taking place just four days after he was questioned regarding illegal money transfers to North Korea on Saturday.

2023.9.12