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kim was charged with having the group’s affiliates repay 320 billion won of debts of firms he owned under false names as well as embezzling company funds through accounting fraud between 2004 and 2006.additionally he was charged with having hanwha subsidiaries sell shares to his older sister at below-market prices.

kim’s case dates back to august 2010 when financial regulators asked the prosecution to launch a probe after finding that five false-name bank accounts were used for the misappropriation of company funds.

the verdict was initially planned for early this year, but the court delayed it, citing the transfer of a presiding judge in the case to another court. the hearing was resumed in july.