Interpol fugitive and chief of Terraform Labs Pte. Ltd. Kwon Do-hyung has registered his residential address in the Republic of Serbia, according to South Korean media reports citing local prosecutors.
- Seoul Southern District Prosecutor Choi Sung-kook told Forkast via text message that the local media reports were not false, but declined to confirm details.
- Korean news outlets speculate that, with the registered address, Kwon may file an appeal against his extradition that Korea’s justice ministry is preparing for.
- Kwon moved to Serbia before mid-October, contradicting previously confirmed reports of the Terra CEO’s November entry into the Eastern European country.
- Kwon and Terraform Labs have repeatedly claimed that South Korea’s investigation into Terra-Luna was unfair and over politicized.
- An unnamed prosecutor investigating Kwon and Terraform Labs explained that such repeated comments signal Kwon’s potential to take legal action against Korea’s extradition request, as a politically-motivated investigation could be a reason for refusing to comply with extradition, according to South Korean news outlet Munhwa Ilbo.
- If Kwon chooses to appeal against the extradition, his return to South Korea could be delayed several years, the prosecutor told Munhwa.
- The Seoul Southern District Prosecutors’ Office has suspended the statute of limitations on Kwon’s criminal charges as they believe he is on the run to evade the investigation.