The Seoul Metropolitan Police Agency said the man, identified as Cho, sent a form letter reading: "I am working with a pornography business, and I have secured evidence that you committed adultery. Unless you send 1 million won to me, I will publicize it." He sent the letter to over 250 business executives, police said.
According to the police, the suspect acquired profiles of executives from the Korea Stock Exchange's Internet Web site and mailed the letter to randomly selected recipients. After being cabled 9 million won ($7,500) from nine executives, Cho spent the money on entertainment and drinking.
Monday, July 22
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