President Lee on Arrest of 3rd-Generation LG Family Member Who Fled for 8 Years: “Even Overseas Is No Longer a Safe Haven”

[Financial News] President Lee Jae Myung issued a strong warning to criminals after Gu Bon-hyeon (57), a third-generation member of the LG family who had fled overseas for eight years to evade an investigation into allegations of stock-price manipulation, was arrested, saying, “Even overseas is no longer a safe haven.”
On the 13th, President Lee shared a news report about Gu’s arrest on his X account (formerly Twitter), writing, “To all those accused of crimes: I hope that from now on, you will abide by law and order in the new Republic of Korea.”
Gu is suspected of violating the Capital Markets Act through fraudulent and unfair trading. From February 2016 to December 2017, he allegedly acquired a KOSDAQ-listed company without putting up capital, drove up its share price by issuing false disclosures touting favorable developments, and made illicit gains by selling shares held under borrowed names.
Gu, who had fled overseas to evade the police investigation, was caught after being stopped at a checkpoint by local police in Cambodia, about eight years later. He was subsequently repatriated to South Korea and formally arrested on the 9th by the Financial Crime Investigation Unit of the Metropolitan Investigation Unit at the Seoul Metropolitan Police Agency.
Meanwhile, on the same day, President Lee reshared on X a post by Minister of Land, Infrastructure and Transport Hong Ji-seon on measures to prevent winter road icing accidents, urging, “You’re doing a good job. Please ensure there are zero black-ice accidents this winter.”
In the post, Minister Hong reported, “At the previous Cabinet meeting, the president instructed us to look for more ways to reduce recurring icing accidents at the same spots,” adding, “We will install road heating cables and brine-spraying facilities at 121 ice-prone locations by the end of this month and activate a 24-hour snow-removal response system starting on the 15th.”
[email protected] Park Ji-hyun Reporter