Recently, the private house of Former South Korean President Lee Myung-bak, who is still serving his sentence, was auctioned off in Seoul for a mortgage penalty. Lee and his wife filed a lawsuit, demanding suspension of the auction. Lee also wrote letters in prison to express his concerns about the current state of South Korea.
Lee was arrested three years ago in an alleged corruption and bribery case. In October of 2020, the court sentenced him to 17 years in prison and 18.78 billion won ($16.6 million) in fines and recovery. The court seized Lee’s private house in Seoul due to failure to pay fines. On July 1, his residence was auctioned at 11.156 billion won ($9.8 million).
