rejected his plea to have the ban overturned on Sunday, ruling that Korea is better off without the property developer’s money.Chinese tycoon remains barred from ever again entering South Korea after a Seoul court
Wang Hua, the founder and chairman of the Nanjing-based conglomerate Jeshing Group, was charged with the sexual assault and sexual harassment of two female Korean employees — a flight attendant and secretary — on his private jet in 2016.
While police were able to confirm Wang’s crimes, the two victims ended up deciding not to press charges against the tycoon, forcing Korean prosecutors to suspend their indictment against him. However, Korea’s immigration department decided to act instead, banning Wang from ever stepping foot on Korean soil again.
Wang had filed a lawsuit against the head of the immigration office to get the ban overturned, arguing that the sexual assault took place in China, that he has no prior criminal record, and that he wants to build a luxury hotel on the south end of the resort island of Jeju, meaning that keeping him on the blacklist is Korea’s economic loss.
However, in the end, the Seoul Administrative Court was not swayed, declaring that “the public interest gained from banning a plaintiff who molested Korean citizens outweighs any potential business gains,” according to The Korea Times.
A former People’s Liberation Army soldier, Wang Hua eventually turned himself into one of China’s richest men. In 2013, his net worth was estimated at around $400 million.
Wang has spent much of his wealth in Australia. He and his wife acquired Australian visas in 2001. After that, he bought up several residential developments, a winery, a golf course, and luxury homes in the country. Most infamously, in 2013, he paid $13.4 million for one of Melbourne’s most expensive homes, only to tear the place down a short time later, thwarting attempts by locals to get the home declared a heritage site.
According to a business associate, Wang was able to pay for these purchases by regularly traveling from China to Australia in his private jet with suitcases filled with cash.