• Kyodo


Three former executives of a failed credit union that mainly served the South Korean community received suspended prison sentences Monday from the Osaka District Court for extending illegal loans.

Lee Hui Gon, 85, former chairman of Kansai Kogin, and Lee Jong Rim, 63, former president, were sentenced to three years in prison. Pak Chung Hong, 59, former vice president, was handed a 2 1/2-year sentence.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.