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. Last Updated: 07/27/2016

South Korean Tycoon Arrested For Suspected Revenge Attack

SEOUL, South Korea -- Police have arrested a South Korean business tycoon for allegedly taking part in a sensational revenge attack after his son was hurt in a karaoke bar fight.

Hanwha chairman and CEO Kim Seung-youn is suspected of kicking, punching and using a steel pipe to attack bar workers allegedly involved in a scuffle with his 22-year-old son on March 8 at a karaoke pub.

After questioning Kim at a hearing earlier Friday, the Seoul District Court accepted a prosecution request made a day earlier to issue an arrest warrant for him, Hanwha spokesman Ju Cheol-beom said.

Judge Lee Kwang-man said the warrant was issued on "concerns that he may try to destroy evidence," the Yonhap news agency said.

In a statement released through his company, Kim said he would "humbly accept the law's judgment."

"I am very pained and ashamed for not having been honest for the past two months," the statement said.

"I hope there will never be a silly father like me again," Kim told reporters after the court hearing.

The younger Kim, a student at Yale University, reportedly suffered an injury that required 11 stitches in the scuffle on stairs outside the karaoke pub.

Victims have told police the elder Kim and his bodyguards took them to a mountainous area south of Seoul, where Kim himself allegedly assaulted them.