Chun family to announce plan for repaying former president's outstanding fines
The quest to recover the outstanding fines owed by disgraced former President Chun Doo-hwan may soon come to an end.
Chun's family plans to give details on Tuesday how they will settle the more than 150 million U.S. dollars in remaining fines he owes for corruption during his rule in the 1980s.
The former dictator's eldest son, Chun Jae-kook , will give a news conference on behalf of his family at 3 p.m. Korea time.
His father will not attend due to health reasons.
The former president was ordered by the nation's top court in 1997 to return over 200 million dollars to the state, which he illegally accumulated through bribery from conglomerates during his military-backed rule from 1980 to 1988.
He has been slow to pay the remaining fines, claiming he was broke.
Since May, the Seoul Central District Prosecutors' Office has led an investigation into the Chun family to search for assets they may have concealed through various means, including tax evasion, on the former president's behalf.
The Chun family's decision to pay the outstanding fines comes amidst stronger pressure from the government after former President Roh Tae-woo finally paid the 21 million dollars in fines he had owed the state earlier this month.
Ji Myung-kil, Arirang News.
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