Seoul - A son of ex-dictator Chun Doo-hwan said on Tuesday his family will pay back the money his father amassed for a huge slush fund during his corrupt rule.
Chun, a former army general, ruled South Korea with an iron-fist in the 1980s following a 1979 coup. He was arrested in 1995 and received a death sentence after being convicted of corruption, mutiny and treason, though he was pardoned in 1997.
Chun was ordered to pay back $189m that he had collected from businessmen, but returned only a portion and still owes a significant percentage.
His eldest son Chun Jae-kook said his family members will hand over real estate, paintings and other assets to the government pay back the remaining money.
"I lower my head and offer an apology to the people on behalf of my family" over the money, the son said in a televised news conference.
Prosecutors earlier confiscated his family members' assets.