Real estate deals between Yoo, son may have broken bankruptcy laws
Social affairsMay 7, 2014
A closed gate of Yoo Byung-eon’s house in Yeomgok-dong, southern Seoul (Yonhap)A transfer of assets between former Semo Group chairman Yoo Byung-eon and his eldest son has come under scrutiny with records suggesting illegal methods may have been used in the process.Records show that Yoo’s real estate assets were purchased by his eldest son Dae-gyun during Semo Group’s liquidation, at the time of which the younger Yoo was aged 28-33. The methods were allegedly used to avoid a loss of assets follo