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Former South Korean Olympic Official Arrested - 2004-01-27

South Korean officials have arrested former International Olympic Committee vice president Kim Un-yong on charges of embezzlement and other irregularities.

Prosecutors took Mr. Kim into custody early Wednesday in Seoul. The 72-year-old Olympics official is accused of embezzling more than $3 million from the World Taekwondo Federation and the Seoul-based World Taekwondo Headquarters.

He also faces charges of receiving $437,000 in exchange for helping two men become members of the Korean Olympic Committee. And investigators are looking into charges that Mr. Kim took money from a sports equipment company while picking a sponsor for the Korean Olympic Committee.

Earlier this month, Mr. Kim resigned from the top posts in the World Taekwondo Federation and the World Taekwondo Headquarters. He also stepped down as a Korean legislator.

Once one of the most powerful men in the International Olympic Committee, Mr. Kim was stripped last week of all rights and privileges he enjoyed in the committee, pending investigations by South Korea and international authorities.