The arrest warrant for Kang Woong-chul, the founder and former chairman of the board of Bodyfriend, who has been under prosecution investigation due to conflicts over management rights, and Han Joo-hee, the major shareholder of the private equity fund Hahn & Brothers, was dismissed on the 5th.
Judge Nam Chun-kyu, who is in charge of warrants at the Seoul Central District Court, conducted a pre-arrest interrogation of Kang, Han, and Han’s close associate, Yang, the previous day. The judge dismissed the warrant request, stating that there is room for dispute over the main charges.
Judge Nam explained that in Kang’s case, “There are legal and factual disputes over the establishment of major criminal charges, and an un-detained investigation is necessary to ensure his right to defense.” For Han, the judge stated, “Some charges are acknowledged, but there are factual disputes in important charges, so there is insufficient reason to detain him at this stage.”
Yang was also judged to lack the necessity for detention.
The prosecution began its investigation as both parties engaged in legal disputes over the management rights of Bodyfriend.
Kang is accused of embezzling 6.2 billion KRW in compensation for his employee inventions and misusing corporate credit cards, while Han faces allegations related to the private use of company funds.
Meanwhile, Hahn & Brothers, along with Stonebridge Capital, acquired shares of Bodyfriend but was excluded from management due to conflicts with Stonebridge, with Han known to be the largest shareholder.
Kang is the second-largest shareholder in Bodyfriend, serves as an internal director, and is reportedly in a cooperative relationship with Stonebridge.
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Bodyfriend Leadership Dispute, Founder Kang Woong-cheol, Major Shareholder Han Joo-hee Escape Arrest
The arrest warrant for Kang Woong-chul, the founder and former chairman of the board of Bodyfriend, who has been under prosecution investigation due to conflic
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