Seongnam Development Corporation Attaches '11 Billion Won in Trust Income' Destined for Hwacheon Daeyu
4 Articles
4 Articles
Seongnam Urban Development Corporation has completed provisional attachment measures on approximately 11 billion won in settlement funds that were scheduled to flow to Hwacheon Daeyu Asset Management, the private contractor for the Daejang-dong development project. The Corporation also obtained a court decision for an additional provisional attachment of 10 billion won regarding the claim for the distribution of trust proceeds scheduled to be pa…
The Seongnam City Development Corporation has obtained a court order for provisional attachment of 11 billion won in trust proceeds from Hwacheon Daeyu. This amount consists of refunds for school land development fees in the Pangyo Daejang District and is an asset preservation measure by Seongnam City to recover unjust profits from the Daejang-dong project. Currently, Seongnam City is tracking the assets of private contractors and continuing to …
(Seongnam=Yonhap News) Reporter Lee Woo-seong = Seongnam Urban Development Corporation is expected to be awarded to Hwacheon Daeyu Asset Management (Hwacheon Daeyu), the private business operator in the 'Daejang-dong development corruption' case...
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