BC Supreme Court judge orders the owner of a luxury used car dealer based in Coquitlam to pay back nearly $4 million plus punitive damages to his former investor
Two former business partners at a Coquitlam car dealership have been battling it out in court for two years over an investment scheme that went awry.
Now, one of them has been ordered to pay more than $4 million to their former investment partner and submit to an investigation of their financial dealings to comply with a Supreme Court decision.
In his July 9, 2021 decision, Justice Andrew P.A. Mayer ordered Wook Jun Jung (Eric Jung) to reimburse Hun Bae Kim an amount of $3,909,169 to reimburse him for funds obtained through fraud, as well as $185,000 in punitive damages.
The two had been in business for a few years, with Kim in investing in the used car business in Coquitlam. However, the business dealings soured in May 2019 when Kim learned he was being…