Former KAI CEO Ha Sung-yong Gets 2-Year Suspended Sentence for Embezzlement, Hir

Former KAI CEO Ha Sung-yong Receives Suspended Prison Sentence for Embezzlement and Hiring Irregularities

The Supreme Court's Third Division (Presiding Justice Lee Sook-yeon) recently upheld the lower court's ruling, sentencing former Korea Aerospace Industries (KAI) CEO Ha Sung-yong to two years in prison with a three-year suspension.

Ha was indicted in 2017 for his involvement in large-scale accounting fraud worth approximately 500 billion won, embezzlement of company funds, and hiring irregularities at KAI between 2013 and 2017.

The first trial court acquitted him of the accounting fraud charges but found him guilty of embezzling 1.8 billion won worth of gift certificates for personal use and unfairly altering the results of a public recruitment process for new college graduates. As a result, he was sentenced to one year and six months in prison, suspended for two years.

In the second trial, additional charges—including embezzlement related to gambling entertainment expenses and bribery—were found guilty, leading to a harsher sentence.

The Supreme Court ruled that there were no legal errors in the lower court’s decision and dismissed both the prosecution’s and the defendant’s appeals. Consequently, Ha avoided actual imprisonment, with his suspended sentence being finalized.


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Former KAI CEO Ha Sung-yong Gets 2-Year Suspended Sentence for Embezzlement, Hiring Irregularities