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Former DB Group Chairman Kim Jun-ki/Photo courtesy of DB Group

The Seoul Central District Court postpones the date to April 17

The ruling on former DB Group Chairman Kim Jun-ki was delayed to April 17. Late last year, the 75-year-old tycoon is arrested for charges over alleged sexual assaults.

The Seoul Central District Court was supposed to come up with a verdict on April 3, but postponed the date to two weeks. The reason was not disclosed.

But a local media outlet reported that the ruling was put off because Kim’s side managed to agree with the victims, which typically affects the court’s decision.

In September 2017, Kim was accused of having sexually molested his personal secretary regularly early in the year.

The businessman is also suspected of having raped a housemaid multiple times between 2016 and 2017.

After the news, he resigned as DB chief and left for the United States. Despite the police’s continuous summons, he stayed there for two years, claiming that he needs medical treatment.

As the country was set to seek his extradition from the U.S., however, he returned to Seoul last October to be arrested and imprisoned.

Kim acknowledged his wrongdoings, and prosecutors sought a five-year prison term.

The incident also prompted DB Group, previously Dongbu Group, to change its name. DB is the country’s mid-tier conglomerate whose businesses range from steel to finance and construction.