Ms. Park was impeached in 2017 after accusing her best friend of interfering in public affairs. As a result, she was sentenced to 20 years in prison for accepting bribes and abuse of power.
She was unable to pay fines and compensation totaling 21.5 billion won even though the deadline was the end of last month, so her house was confiscated, the Seoul Central District Prosecutor’s Office said.
The two-story house in a wealthy residential area south of Seoul was valued at 2.8 billion won when the court froze her fortune in 2018, domestic media reported.
Along with a two-year prison term for violating election laws, the first female president of South Korea was sentenced to a total of 22 years in prison and had to be over 80 years of age to expire.
Her corruption scandal exposes dark ties between corporations and South Korean politics. Park and close friend Choi Soon-sil were charged with accepting bribes from corporations, including Samsung Electronics, in exchange for preferential treatment. Ms. Park’s successor, President Moon Jae-in, came to power amid a wave of opposition to Ms. Park and her conservative party.
According to CNA