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<b>Nexon</b> – Co-Founder and Chairman steps down due to corruption case

[Source] One of the richest man in South Korea and Co-Founder of Nexon, Kim Jung-ju, has stepped down from his role as a director of the gaming juggernaut. He has been indicted for bribing a senior prosecutor, Jin Kyung-joon, and suspicious stock transactions for the period between 2005 to 2014. Investigations over these accusations have been carried out for three weeks prior to the indictment.

Jin Kyung-joon is suspected of receiving over 900 million won (US$800,600) worth of bribes from Kim Jung-ju, whom is also the Chairman of Nexon. The case involving Jin came to light as the superintendent-level prosecutor reported a whopping increase in his personal wealth in 2015. All ranking government officials and lawmakers are required to disclose changes in their personal wealth annually.

About the Author

cinderboy Your average online gamer who is bilingual in Chinese and English, although he does try to play Japanese and Korean games sometimes. Online gaming since 1999, and has worked in the online gaming and mobile gaming industry (Journalist, Game Master, Community Manager, Operations Manager) since 2008.

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