2014-11-10

B.I's father, Kim Jeong Ju, former president of Seunghwa Pretech faces charges for corporate fund embezzlement



2014
  • June 10: SEUNGHWA PRETECH CO. LTD appoints Lee Jae Yeoung as chief executive officer of the company, to replace Kim Jeong Ju, effective June 10.  (Source)
  • October 20: Seunghwa Pretech said Monday its former president faces charges for corporate fund embezzlement worth 2.4 billion won, which accounts for 10.7% of the company's equity capital.  The Korea Exchange suspended trading of shares in Seunghwa Pretech.  Trade suspension remains effective until the operator determines whether the company should be subject to a review for listing eligibility.  (Source)
  • October 28: Kim Jeong Joo (42), former CEO of Seunghwa Pretech, on trial for charges of embezzlement.  With one accomplice, Mr. Kang, charged with false disclosure of funds raking in an investment of 18.1 billion won and embezzling 2.4 billion won from the company.  Article briefly mentions that Kim Jeong Joo is the father of iKON's B.I. (Source 1, 2)
  • November 8: Scandal blows up on forums such as Pann and Instiz after fans find out Kim Jeong Joo is B.I's father  (Source 1, 2)
  • November 9: New article released about the same information from October on Naver except using B.I's name on the headline. + Article and comments deleted from Naver. (Source)

Source: Money Today via Naver

1. [+100, -2]  He should pay the consequences of his crimes if he has any consideration for his son at all.  B.I's debut is coming up too... what is he supposed to do now

2. [+46, -1]  Wow but if you search up B.I's father, all the comments are either blocked or have disappeared...

3. [+9, 0]  Wow what has B.I done wrong just because of his father... I feel so bad for both him and the victims...


Source: Sports Kyung Hyang via Naver

1. [+200, -52]  It's impossible to shield this... this just isn't right... how do you expect the victims to live and see B.I's face on TV

2. [+144, -31]  They scammed 18.1 billion won, got the investment and embezzled 2.4 billion won among that.  Now they're currently on trade suspension which only harms the ones below... Everyone be careful of stock exchanges... this scandal is an example.

3. [+166, -54]  Fans, don't even think about shielding this.

4. [+148, -49]  Wow..... from the looks of it, Yang Hongseok has escaped a sinking ship ㅋㅋㅋㅋㅋㅋㅋㅋ

5. [+105, -16]  I'm a fan of B.I but it's impossible to shield this.  Just don't... you'll understand if you think of it from their perspective.

6. [+114, -44]  There's been so many controversies with iKON even before their debut so I feel like it'll be difficult for them.  They were already getting heat from the public for Mix & Match being such a biased program... and now a scandal from their leader's father... they can't even dream of being the second Big Bang with this kind of image...

7. [+79, -18]  Before you think of the assailant's son, isn't the proper thing to do to think of the victims and their families first?  I can't believe the fans who are coming out here worrying about B.I first.

8. [+71, -14]  This should be up on the main page of Naver.

-

99 comments :

Hipployta said...

Well the upvotes are pretty low. It's a bad situation for all involved.

WIN said...

" they can't even dream of being the second Big Bang with this kind of image..." - Sorry for saying that, but BIGBANG members have many scandals...And k-netizens talk about like if B.I himself did that. Are you kidding me? lol

Aced21 said...

Just when IKon was about to debut in a few months... I have a feeling this will impact on their debut.

Ignis Invictus said...

There are no bastard children, only bastard parents. Meaning, children should not feel hate for wrongs their parents have done.

B.I slept only a few hours, worked extremely hard and led his team to be as disciplined as him for more than 4 years. He did not grow up spoiled and dependent on wealth to carry him through his young life. Stop with the HATE! B.I is dealing with so much already.

Ninni said...

why bring BI here???
it's not his fault, the one who did that is his father.... blame the father not the son..
don't put hate on BI and he's just a frkn teen... smh

VIP_RockWithMe said...

Things will be fine, i think BI's father should receive the punishment he deserves but incorporating BI in this mess is wrong, the media is already having a party with this using his name on the headline even though he's not involved in the company. Personally, im happy that iKON is in YG, because they will do anything to make sure this doesn't affect the future prospects of the group. The company has bad time management and has an obsession with cruel survival shows but they will defend their artists to the very end. If that wasn't the case Psy and Epik High wouldn't have trusted them to help revamp their careers

shinwonhoar said...

The children don't deserve to be condemned because of their parents' doings. But then again, this is their Confucian belief we're talking about. Three Generations of Punishment, anyone? We can never make these people think otherwise no matter how twisted their belief may be. To each his own, right? Let's just hope the best for B.I and his sister.

Haha said...

If BI's dad pays for his crimes dutifully, then that's the best solution for his career as of now.

shortyyy22 said...

im sure the actual victims of this corporate crime are thinking about how little bi slept while they try to pick up the pieces of their life

Ignis Invictus said...

They don't have to think of it though because he has nothing to do with it.

anne said...

It's like they were saying 'You should die coz your father killed someone'

anne said...

Hanbin didn't returned home for almost 3 years now, busy composing & training for M&M and their upcoming debut.. HOW COULD YOU ALL BLAME THAT KID? HE'S 19, DO REALLY THINK HE KNOWS WHAT HIS DAD IS DOING?

Gdi*k said...

Oh My..........................................


What to do now?


I went to school and came back home open internet to see some breaking news like this the Woolim trainee too.


Why did his dad do like that? The kid is already in pressured. Now I wonder how he be able to handle this. be strong B.I


Feel bad for the victims too. Hope everything work out.

park sakura lopez said...

No child should ever pay for his or her parents' mistakes. It's wrong what he did but for BI to be dragged through it?? this kid worked so hard to get where he is now only to be ruined because of his father's fuck up?? naahh

sani said...

We all know, we should not involve BI in this whole issue but look from victim's side. The whole victim's family including their children must be going through hell. Just imagine victim's family members looking at BI enjoying all the name and fame. How would you feel if you were a victim not a fangirl of bi? Will your answer be same as above?

Namju said...

His son has nothing to do with it.

Ignis Invictus said...

By your logic, no child whose parent has done wrong has any right to pursue a dream and be successful in fear of being insensitive. In this same logic, no country or race who has participated in war crimes in the past should have successful citizens. NO.

The criminals should face the victims. The victims are worthy of justice. The people around them whose lives are not involved in making their decisions should not be punished.

sani said...

All these fangirls, DO YOU EVEN HAVE LITTLE BIT SYMPATHY TOWARDS THE VICTIMS WHOSE HARD EARNED MONEY GOT STOLEN!!! OR YOU ARE JUST GOING TO TALK ABOUT HOW BI DID NOT SLEPT, PRACTICED AND DIDN'T GO HOME BLA BLA BLA you guys really think his life is harder than those victim's family whose hard earned money was stolen? SMH

park sakura lopez said...

I feel for the victims but how do you think he feels now that literally everyone knows his father is a criminal??? he shouldn't have to stop his life just cause of his father's wrongdoings cuz he probably didn't even know

Wendy Hia said...

The 6 other innocent boys will be dragged down.. What if Ikon flops ?

park sakura lopez said...

I do and there's nothing wrong with people defending him. I can sympathize with both sides. It ain't that hard.

Bald Mr.Worldwide said...

If im the victim of his dad crime,i will.just wish his dad got the penalty and either him or someone from his family alq Hanbin to pay back me the money. He still can pursue his dream as long as i got my money back.

That's a No-No said...

B.I 's not the first or will be the last person to go with out sleep, work extremely hard for years and be under pressure to become an idol.(That's the path he chose.) Nothing in life is easy. Fans need to stop trying to get him simply. Because I'm pretty sure that the victims went without sleep too and worked extremely hard to earn that money. And now are still without sleep trying to figure out how to start over again. I'm putting myself in the victims shoes. I would be in rage if someone stole the money my parents worked so hard, for so long and someone just took it in minutes. Also seeing that person's son on t.v smiling enjoying life. Getting rich just by sitting there. And my parents back to square one.

guest said...

BI must be going through shit, so do those victims. Both of them don't deserve that because of some greedy men. But I know your answer will be different if you yourself were a victim in this whole thing. you guys should just stop talking about how he didn't sleep and did not go home etc. It is not even 1% of what those victim and family must be going through. I have seen my close relative gone through the same shit. Hope victims will get justice. As for BI, he is having a hard time but he will be fine. I think Yg is doing great job of protecting him as article was taken away as soon as it was posted. He knows very well how to handle these type of situation.

Ignis Invictus said...

I will leave you to your thoughts because I have no control over what and how you think. And in the same light, let me just be glad that your sense of justice is not the same as mine.

beachplease said...

I have a question: was the father on trial while mix and match was still going on?

park sakura lopez said...

I've gone through hardships as well. My mother had to raise me and my two brothers after my father passed away and we had to move to a
new country. I've seen my mom suffer and that shit ain't easy.

"you guys should just stop talking about how he didn't sleep and did not go home etc."



What's so wrong with saying that? They're saying that in defense that he probably didn't know the shit his father did. And obviously, he's YG's golden boy and he had no fault in it, he's going to protect him.

Stardust said...

STFU with the same comments already, will you ? You can start a petition to take out Chanwoo from iKON if you were so worried about his future you know .. Do something for your precious Chanwoo ..

Wendy Hia said...

oops.. You know i am chanwoo stan ?

Stardust said...

yeah, you've been using iKON, flop and chanwoo fans for the last hours .. why ? are you 12 or noone pays you attention irl ?

Wendy Hia said...

i am like what you said worried .. That's all.

That's a No-No said...

I'm just saying I understand their anger. People become irrational when they're angry. Sense of justice?
Wouldn't you be mad as a parent if your money was stolen and your children are hungry, cold and suffering and the thief's child is eating well, wearing branded clothes and going on expensive family vacations while you have to tell your children you don't have enough money to buy food. In this sense I can understand them. I guess unlike you and B.I I wouldn't be able to "Let it go, Let it, let it go"

Amanda Rachel said...

Sigh! At times like this, people who hate on YG will take their golden chances to pick everything they can. Of course BI fans will comments about BI but I believe dat they worry about the victims too. They don't even back up BI father. They just feel bad for BI. Ps:- With this scandal + opening for BigBang Dome tour (limited time to practice & make songs), I don't think iKON will debut on January like YG always like to stress. [Also patiently wait for YG new gg uncertain debut date tho I'm scared wat will happen to our girl with Lovelyz's Jisoo scandal.]

anne said...

she's not a Chanwoo stan, she's just using him so that the hate will be directed to him

S_B_I said...

So much drama...i need to be blind and deaf for a period.
stay strong boy! the victims too...God bless all the innocent people.

Ignis Invictus said...

Again, you can continue to justify your sentiments on the "thief's child [who] is eating well, wearing branded clothes" "getting rich just by sitting there." I can't do anything about it.



I say, put him in jail if you think he did wrong. But let him go unpunished if he did nothing bad.

anne said...

And some Inner Circle are enjoying this situation is making me sad. I defended Taehyun on his 'Iljin Issue' & now i regretted doing so

Ignis Invictus said...

This has nothing to do with Taehyun. And his case was not a real issue. It was just a malicious bid by the journalist to put WINNER down.

Kim said...

Sani you are right! I'm korean and there are rumors that also his father invest in yg for this reason BI is the FAVE OF YG, it's all about money his father his family are rich. But this article disappeared (naver and instiz) everybody knows why ... power of YG.!!

http://media.tumblr.com/262e805fa37c37f3604e53888ff7d946/tumblr_inline_mokjaiY9ro1qz4rgp.gif

S_B_I said...

i bet some fans from other fandom are celebrating too. but you know, its just human nature. Don't care too much. They are immature, we're not.

Stardust said...

Excuse me, Hanbin has been YG's goldenboy ever since before WIN, this case happened this year(so even if his father did invested the crime money in YGE, it's this mid year), so it can't explain why YG favors him more than anyone.. and dang, I'm getting goosebumps while i'm typing .. could you not put up that horrendous gif ?

Amanda Rachel said...

I'm sorry but I think you're the one who's trying to put IC into this. I've seen no -ve comments from IC so far.

tiggerishy said...

Wow, this is sad news indeed. One hardship after another. I hope all this get settle down before their debut. I hate to see people use it against IKON. Like really, no matter what the victims are of both sides and everyone involved. You become one once you made yourself a part of this. Someone is hurt in the end because of the blame game. It's more difficult to keep hating than to let go and forgive. At least you are more content with life knowing the person who cause this mess is caught. Don't go making more people victims from revenging your own too because karma goes both way.

Lumiere said...

i haven't seen anyone enjoying nothing so stop inventing stuff.There always has to be a comment dragging winner and their fans.
Don't u have more important things to do then trying to perpetuate hate?

babypotato said...

Well seriously this Kgeeks. There is no need to shield BI. He is not the one who in fault. A child has no responsibility to carry on his parents mistakes or sins. Pissing me off with those comments. Geez

Lumiere said...

how will it help the victims, to get closure, or their money back if the media instead of focusing on the case, on Kim Jeong Joo and his accomplices are instead focusing an B.I?

cheyanne said...

Pls stop!!!ICs are busy voting for mama ..and not because some of us don't like each other we wish other that their life will be ruinf..I mean BIs career & future is involve here..and the person we really don't like is yg not BI or Ikon members...so pls stop!!

cheyanne said...

Just shut up your mouth...it's better you support your idol and stop dragging winner fans here..

Bald Mr.Worldwide said...

Lol she is. Check back her old comment since Mix and Match days.

Bella said...

Of coz,I feel bad for the victim.
And I also feel so sorry for B.I. He's only 18 yet he's working so hard & going through so much in his life. If i were him,I will just break down.

Wendy Hia said...

thanks for confirming it to anne Bald Mr Worldwide

Michelle9Jaejoong4 said...

welp. this is going to be hovering around BI for a while....

Bella said...

Just WHAT THE HELL?! Nobody is saying that his life is harder than the victims'. They're just pointing out that he's having a hard time as well...it's really not that hard or surprising to feel bad for both the victims & B.I. And people have sympathy & brain. They know that it's plain awful to wish someone who doesn't do anything wrong or harmful to suffer just because of their father fault. And no,not all people feeling bad for B.I are fangirls.. I don't even like him. He's just that leader kid from Team B. and what? Why should people have to "defend" B.I. when he didn't do anything remotely wrong? They're not defending him,they're just using their brain & saying that he doesn't deserve punishment for anything he didn't do.

stupid knetz said...

So who's the criminal? ans: Kim Jeong Ju
WHO? not Kim Han Bin?alright, none of my business. Bye!

Nova_REMIX said...

Stop spreading around lies. You tried the same thing on NB. Leave.

Nova_REMIX said...

So the child of the father who embezzled them should forget their dreams and constantly live in debt to the victims and should not try to find success in their own life. The child of a criminal should suffer for the wrongdoings of the parent?

merp said...

And why would it be Hanbin who should stay away from the TV? As if he himself had any say in what his father had done in the past. Hell, he probably didn't even know. He might be disappointed and hurt right now, why would he be put on blame for his father's mistakes? I feel bad for the victims, I really do, but why is it necessary to make it seem like Hanbin is a bad guy? It's his father's fault. The victims wouldn't probably even be mad that B.I is debuting if his father paid back. I really hope this gets fixed soon, his father should pay back.

merp said...

Yeah lol of course. Stop spreading false info.

merp said...

So basically you're saying that because of his father's mistakes he shouldn't be living his own life, shouldn't chase after his childhood dream? If I were a victim, I wouldn't give two flying shits on who is on tv or not, all I would care for is for the CRIMIMAL to give me back my money.

merp said...

Something I always loved about YG, even when I used to be a SM-stan. YG seems to respect their privacy well and always protects their artists. People can nag all they want about for example GD or Bom, but YG still takes care of them instead of throwing them under a bus.

merp said...

His sister... Isn't Hanbyul just 5 or 6 years old? I can imagine how disappointed she could be in her dad when she grows up and finds out..

merp said...

Lol aren't all of iKON's members scandal free? Only the Jinhwan and AOA Jimin rumor that no one believed in and Jinhyeong's iljin rumors that were proven false, and he isn't even an iKON member.

merp said...

Nah, WINNER had a solid debut even though Taehyun's iljin rumors came out. iKON will make it, YG protects his artists well.

merp said...

ikr, as if he would ever know about his father's criminality when he's busy chasing after his dreams for his own life. he shouldn't be the one getting blamed. if anything, he is the second victim.

merp said...

you don't have to be worried, yg takes care of these situations well. besides, that jisoo rumor is burying this one.

titan-kun said...

Wow. IC even avoid xcirculating this ya know.

titan-kun said...

This is horrible. In Asia you will be drag down if your family members involved with crime especially if the person is the head of the family. There are so much shit a kid with criminal parent over here. As much as symphatize with the victims i hope Bi and his family can get through this. Looking at Bi perspective its obvious he will be the one that taking care of his family atm and becoming the head for his family. If guilty his father had to face the consequences and serve his time but in all honesty this is a very sad situation :(

titan-kun said...

We just need to keep supporting BI. That's the best a fan can do. I hv no great words to say but i sincerely hope he will be ok.

anne said...

can't click her profile

Millie said...

well, Taehyun's one is just rumor, but this is not, even tho this is not B,I's fault, but knowing K-netz ...

HappyMaknae said...

IKR, This person is so persistent -_-

Millie said...

:| I didn't see any Incle blaming B.I about this
hell, not that much even talk about this
you are really trying to create a drama here

shinwonhoar said...

No, I'm not sure what year she's born but they said she has a 16-year old age gap with Hanbin. So I'm guessing she was born in 2012 which makes her 2 years old, internationally. (Her birthday, I heard, is on Feb 18)

Gdi*k said...

Dude.. As much as I'm not into the kid (Rapping especially) you need to open your eyes and see that Empty by Winner which slayed the chart was co-compose by him. He is prepare to be an Idol... IDOL!! If you don't know at all. Idols need to be pretty and handsome. He'd earn money by his face if he talentless at least. And the guy is even A One Man Kpop. Lol YG loves Money. He made him GD style. And you know how GD style is? Is the kind talented one.

Haelin said...

The son might not know what the father had done until know so why blame it on him? I understand many are victim to this but shouldn't we be reasonable. I hate the whole thing about linking and stereotyping one person character based on family, background or any other things. After all, is team B is debut song is good I will still support him for the hard work he had put in.

Hallie said...

Was you the one spreading that B.I. is YG's secret child LOL
I found these rumors funny as hell haha

tikhagahara said...

u r too much. i am an ahjumma, so life is not that simple kid...

Goodman said...

Lots of korean celebrities committed suicide due to the hateful comments from k-bitches. not surprised if B.I is the next to join the list. stay strong boy!

anne said...

& i am an adult not a kid, ahjumma.

Bibilu said...

Inner circle what?? Can you at least post something with your legit username?

Bilulu said...

Indeed. I didnt even share a link or comment anything on this issue

abdullah .san said...

at least he can do something else like composing unlike the poor victims who be thrown in the street and a kids like bi age life ruined for ever kids who dreamed their life ruined you won't feel what it's like in till it happens to u u should be sorry for the victims more bi is still young he can wait unlike the victims case U_U i m not hater i m really sensitive in stuff like that

Apple said...

is his father paying for his debut? his album sales? his concerts? his composing skills? NO. he's not enjoying life, getting rich just by sitting there. he actually works for it and deserves it, WITHOUT his father's help.

Jamilah Bte Hamzah said...

It takes two hands to clap, the victim should have thought twice than to easily hand over their money. In my country, so many people get cheated, easily giving out their bank password to strangers acting as bank's staff over the phone and losing all their life savings. Sad as it is but you can't deny the fact the victims are so gullible. If they had invested their time finding out the authencity of the investment other than then trying for easy money, then they wouldn't have been cheated. Source? A history of not being easily cheated.

Jamilah Bte Hamzah said...

I don't know why people want BI to be out, if I was the victim, I would rather he be successful and pay back the money his family owe to me. We all know majority of the knetz are not the victims, just people who have nothing to do with their lives

小J said...

Although I am not a big fan of B.I, I personally feels sorry for him. He works so hard just to achieve his dream. Moreover, Team B went through so many obstacles until they finally get the chance to debut next year as iKON, yet this kind of bad thing happens. Their debut will definitely be at stake.


If the victims were to blame B.I for what his father did, it will be similar to the following made-up scenario:


B.I's father hits XYZ's car (while B.I is working, not knowing anything) and runs away. XYZ's car is severely damaged. XYZ blames B.I's father. However, XYZ also does not want to see B.I lives happily ever after because he is related to the culprit. XYZ cannot afford to see B.I driving another luxurious car because his own car is damaged by B.I's father.


This is why it does not make any sense to me when people blame B.I for his father's offense. I totally understand that people will think irrationally when they are having hard times, but why blaming someone who knows nothing about what his father did?

jonginbitch said...

WHAT DOES HANBIN HAVE TO DO WITH THIS WTF?

That's a No-No said...

I think you need to read my comments again.

That's a No=No said...

Like I said to the one above you go read my two comments again.

merp said...

She actually talks very well, maybe they said 16-year old age gap in Korean age? So that would make her 3 or 4.. Oh well, we'll find our sooner or later anyway, haha

shinwonhoar said...

Yeap haha I searched up about her more and there were minihompy posts of B.I way back in 2011 about Hanbyul. So yes, you're right, she's either 3 or 4 :)

Nova_REMIX said...

I read your comments. Yeah, I feel for the families too, but punishing the child gets NO WHERE. You haven't clarified your stance as to whether B.I should get punished or not and he wouldn't deserve it anyway. He shouldn't have to pay for the sins of his father.

j_joongie said...

Hurting B.I's career won't fix anything for the victims. It's only going to ruin another life. B.I is innocent in all of this. Of course fans are thinking of the victims, but we're trying to protect someone who's not even involved in the matter from getting drawn in and hurt by something that wasn't even his fault. Yes, it's unfair on the victims and their children, and it's understandable that they'll make irrational demands in their grief, but B.I's hard work is his own. His achievements as an artist and composer are his alone. His father didn't help him with any of that. He didn't benefit unfairly from his father's wealth, other than being provided with the clothes on his back and food to eat, which any good parent would provide for their kid. Saying that B.I needs to suffer for his father's crime is the same as saying his 3 year old sister, Hanbyul, needs to suffer. They're both equally innocent, and they both had no choice of who their parents are. People seem to think its okay to hurt B.I out of revenge, but they forget that he's just a kid who did nothing wrong. If I were in the victim's shoes, I would be furious as well. But hurting B.I isn't the answer, and it won't solve their problems, only hurt another innocent life.

j_joongie said...

When it comes down to it, it really is that simple when determining whether to involve B.I in all this or not. He hasn't done anything wrong except be born as this man's son. Taking out revenge on the family members is wrong, and never will be okay, no matter how grief stricken the victims are.

j_joongie said...

This is much more serious than some bullying rumours. I hope YG deals with this situation carefully. Even though B.I isn't to blame, it's still going to affect him, so I hope everything works out well for iKON and the victims get their justice. The person I feel most badly for though, is Hanbyul. Her life is going to become so much harder now because of what her father did. She's only 3 years old, but when she starts school, unfortunately some other kids are going to take things out on her. The world really is unfair...

Zulaika Popal said...

I agree B.I has nothing to do with what his father goes around doing.

Zulaika Popal said...

That's so true!

Ai Enma said...

May God bless B.I and help him and his family face this problem, and i dont know the recent flow of his dad's case but i also feel sorryy for those "victims" .. Let's just not put the blame for an innocent 19y.o B.I and for those whose been using this issue to criticize B.I as his career is growing,and to stop him from doing his passion , i beg you to have a kind heart and go pray for your sins instead of pulling out someone's dream.

MA said...

I really feel bad for B.I i mean he's very talented in all sorts but because of his father's wrong doing his career is getting affected also the fact that he holds title for his members. I hope they'll resolve this issue. iKON already have been through a lot and they havent debut yet.

Its not BI who did wrong I hope people wouldnt hate him. The kid is very talented. Dont let the wrong doings of his father affect the fact that he does have something special to show to people. It's not like his father is going to be the one who'll compose songs, will sing and dance. Give the person a chance.

Ps. Please dont hate me.

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