On December 24, the Seoul Central District Court reached a verdict in the initial trial of former Yuri Holdings chairman Yoo In Suk.
During this trial, Yoo In Suk faced charges including misappropriation of commercial funds, solicitation of prostitution, etc.
The Seoul Central District Court has officially sentenced Yoo In Suk to 1 year and 8 months in prison if he commits any additional crime of a similar degree within a 3-year probationary period. The court stated,
“Yoo In Suk has pleaded guilty to most of his criminal charges, and there is a significant amount of evidence, as a result, Yoo has been found guilty of all charges brought by the prosecution. Yoo has also turned over all the embezzled funds and has come to terms with everyone involved in his other charges. ”
Between 2015 and 2016, Yoo In Suk prostituted himself a total of 24 times for his foreign investors. He also registered an adult entertainment establishment run by Yuri Holdings, Monkey Museum, as an ordinary commercial restaurant and violated food hygiene laws, embezzled commercial funds, etc.
During his previous court hearings, Yoo In Suk pleaded with the jury:
“After the news was made public, my entire family became the center of attack and scrutiny. Currently I cannot go out with my family. I am living in a prison without bars… I would like to start acting as a newspaper husband and father after reflecting on my mistakes.
-Yoo In Suk
Furthermore, president Lee Sung Hyun of the ‘Burning Sun’ club was also sentenced to a 3-year probationary period, during which he can face 1 year and 6 months in prison for additional offenses. Yoo In Suk’s former business partner and former Big Bang member Seungri is still facing a series of military court hearings before the court can reach a final verdict. Unlike Yoo In Suk, Seungri currently denies many of his criminal charges, claiming that charges such as prostitution for foreign investors was a unilateral act of Yo in Suk.