SURE, Philadelphia has a corruption problem.
But this time it's South Korea's fault.
The Department of Justice announced yesterday that it had seized about $500,000 in assets that can be traced to Chun Doo-hwan, the former South Korean president who got rich in the 1980s by accepting hundreds of millions of dollars in bribes.
Why should you care?
Because the $500,000 wound up in Philadelphia around 2008 and helped fund a major expansion of the Pennsylvania Convention Center, according to an affidavit for a seizure warrant that was unsealed late Tuesday.
Federal prosecutors say Chun's daughter-in-law invested the money through a program that enables foreign nationals to obtain green cards by funding projects that create jobs here. The program, known as EB-5, is sponsored locally by the Philadelphia Industrial Development Corp. and overseen by U.S. Citizenship & Immigration Services.