The prosecution has decided not to indict First Lady Kim Keon-hee over allegations of violating the anti-graft law.

According to legal circles on Thursday, the Seoul Central District Prosecutors’ Office came to the decision after probing claims that the event planning firm founded by Kim, Covana Contents, had violated the law.

The first lady has been cleared of all charges related to the company securing sponsorship from ten conglomerates for an exhibition in 2018 and from 17 top companies for an exhibition in 2019.

The suspicions arose when President Yoon Suk Yeol was the head of the Seoul Central District Prosecutors’ Office during the 2018 event and as Yoon was named prosecutor general when the 2019 exhibition was being held.

This decision follows an earlier dismissal by the prosecution of claims that Kim violated the anti-graft law back in December 2021 in relation to an exhibit held by Covana Contents in 2016 with sponsorship from 23 companies, including Deutsche Motors.

Meanwhile, prosecutors are continuing their probe into allegations that Kim was one of the market players involved in manipulating the stock price of Deutsch Motors.