1. Main
  2. Learn
  3. Incidents
  4. Crime

S. Korean strongman's art collection sold to pay fines

S. Korean strongman's art collection sold to pay fines S. Korean strongman's art collection sold to pay fines
Art works confiscated from the family of former South Korean dictator Chun Doo-Hwan have been auctioned to pay multi-million-dollar fines imposed for bribes the disgraced military strongman received in office, AFP reports. Two auction houses said Thursday they had raised 7.2 billion won ($6.7 million) from the sale of 600 art works since December. The figure raised still falls far short of the 167.2 billion won Chun has been ordered to pay. Lee Sang-Gyu, the head of K-Auction, said the last batch of 97 items sold Wednesday fetched 1.36 billion won, more than twice their estimate. Among the works were three pieces of calligraphy written by Chun himself which went for between one and five million won each. Succumbing to pressure from prosecutors, Chun's family in September agreed to put their assets -- including a large house in Seoul where Chun and his wife live -- up for sale. Chun, now 83, seized power after the 1979 assassination of longtime military ruler Park Chung-Hee. His eight-year rule was noted for the corruption of his administration and mass pro-democracy protests. In a judgement confirmed by the Supreme Court in 1997, Chun was convicted of insurrection and corruption and ordered to pay 220 billion won in restitution to the state. He only returned a small portion of the sum, arguing that he did not possess the necessary cash or assets. President Park Geun-Hye, the daughter of Park Chung-Hee, has chided her predecessors for not pushing Chun hard enough to pay the rest of his fines. Chun's son and his brother-in-law were both given suspended jail sentences last month after being convicted of tax evasion.

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan
OPEC agrees shock oil output cut
Israeli ex-president and Nobel laureate Peres dies
Germany blocks WhatsApp data transfers to Facebook
32,000 arrested in Turkey coup probe
Youth to the fore as Milan fashion week opens
Xenophobia threatening peace in eastern Germany
Four-in-10 Japanese are virgins: poll
Sweden re-militarises Baltic island of Gotland
China to launch second space laboratory: Xinhua
More than a billion stars mapped in Milky Way: ESA
Boxing: Golovkin eyes Saunders after stopping Brook
Kazakhstan shifts PM to security chief
Oil prices gain despite rising OPEC supply forecast
US to give Philippines military planes
Singapore wages war on Zika-bearing mosquitoes
Italy quake death toll nears 250
Viral photos add fuel to French burkini debate
18 dead as Italy struck by powerful quake
Japan's first lady visits Pearl Harbor
Pokemon's a no-go on Bangkok's roads
July was Earth's hottest month in modern times
Pakistan rock climbers scale new heights