South Korea indicts 63 people in corruption investigation into defense procurement projects

Markets Associated Press

More than 60 South Koreans, including two former navy chiefs of staff, have been indicted in an investigation into alleged corruption associated with numerous defense procurement projects, prosecutors said Wednesday.

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Sixty-three people face charges of accepting bribes, fabricating official documents or leaking military secrets, senior prosecutor Kim Ki-dong told a televised news conference.

The accused include 10 current or former military generals, a former vice minister, businessmen and brokers, according to Kim and the Defense Ministry.

Kim said they were involved in projects to supply the military with body armor, rifles and various equipment loaded at navy ships.

A joint government investigative team has been probing defense procurement projects since November.

Kim said the lack of an effective supervising system on defense procurement projects was to blame for the alleged corruption.

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South Korea, a vibrant, liberal democracy, is one of the leading economies in Asia, but high-profile corruption scandals still routinely take place.

In March, then-Prime Minster Lee Wan Koo pledged to root out corruption, but he resigned only a month later after being implicated in a widening bribery scandal. Lee and an incumbent provincial governor were later indicted on charges that they took money from a late businessman.