SEOUL – Prosecutors have questioned Ms. Kim Keon-hee, the wife of President Yoon Suk-yeol, regarding allegations that she received a Christian Dior handbag and other luxury gifts in exchange for favors, as well as her involvement in a stock manipulation case, the South Korean prosecution confirmed on July 21. This marks the first time in history that the wife of a sitting president has been summoned for a prosecution investigation.
The Seoul Central District Prosecutors Office announced that Ms. Kim was questioned for around 12 hours, from 1:30 p.m. on July 20 to 1:20 a.m. on July 21, at an undisclosed government building for security and safety reasons. Ms. Kim’s legal representative, lawyer Choi Ji-woo, stated that she “diligently cooperated with the investigation and truthfully testified to all the facts,” fully explaining her position.
The scandal involves accusations that Ms. Kim illegally received a Dior handbag worth about 3 million won (S$2,900) and other expensive gifts from Korean-American pastor Choi Jae-young in September 2022, allegedly in exchange for favors. Ms. Kim’s close aide, surnamed Yoo, admitted during questioning in early July that the First Lady did receive the handbag but claimed she had ordered its return to the pastor the same day. However, Ms. Yoo said she forgot to return it due to other tasks, and the handbag has since remained unused and stored by the presidential office, emphasizing that there was no intent to use it.
Prosecutors focused on how the bag was received and any solicitations made by Pastor Choi. South Korean local media reports suggested that the prosecutors mainly examined whether receiving the Dior handbag from Pastor Choi constituted a violation of the Improper Solicitation and Graft Act.
The investigation into the luxury handbag began in December last year when Mr. Baek Eun-jong, head of the media outlet Voice of Seoul, accused Ms. Kim of violating the Act. In November 2023, Voice of Seoul published a video showing Pastor Choi handing over a Dior handbag to Ms. Kim during their September 2022 meeting in Seoul. The pastor secretly filmed the video with a camera disguised as a watch, and the bag was reportedly provided by Voice of Seoul.
Additionally, Ms. Kim has been accused of manipulating the stock prices of Deutsch Motors, a BMW dealer, from 2009 to 2012. She allegedly conspired with Deutsch Motors Chairman Kwon Oh-soo and trader Lee Jong-ho, former CEO of Black Pearl Invest and known as the “control tower” of the scheme.
Prosecutors questioned Ms. Kim about her role as a main investor, her ties with the chief conspirators, and her account usage in relation to the Deutsch Motors stock transactions. The investigation into Deutsch Motors began in April 2020 after Mr. Choe Kang-wook, a former National Assembly lawmaker, filed a complaint against Ms. Kim for alleged violations of the Capital Market Act.
Ms. Kim is the third First Lady in South Korean history to face questioning. Ms. Lee Soon-ja, wife of authoritarian leader Chun Doo-hwan, was questioned in 2004 regarding Chun’s slush fund case. Ms. Kwon Yang-sook, wife of former President Roh Moo-hyun, was investigated in 2009 in connection with an alleged graft scandal involving her family. However, both Ms. Lee and Ms. Kwon were questioned as witnesses.