Kim has been facing charges, including embezzlement, over allegations that he created slush funds via Arowana, a Bithumb-listed cryptocurrency, where Hancom With, Hancom's blockchain arm, holds shares. The Gyeonggi Nambu Provincial Police Station sent investigators to Hancom's headquarters in the city of Seongnam, just south of Seoul, and Kim's house to confiscate documents and digital records related to the cryptocurrency, according to police officials. Prosecutors on Thursday raided software maker Hancom and the home of its chairperson, Kim Sang-chul, on suspicions he manipulated the price of the firm's cryptocurrency Arowana and created slush funds, officials said. This image shows the headquarters of software maker Hancom in the city of Seongnam, just south of Seoul, Oct.
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