He made a controversial statement of mentioning that the President of South Korea has a legal rights to fire the top executive of the Korean Broadcasting System on 5 July 2008.[1]
Shin was the subject of the confirmation hearing around late August 2010 for his actions of illegally speculating in real estate, money-laundering, registering over phony resident address; earning his nickname "corruption department store".[2][3]
On November 28, 2011, the Seoul Central District Prosecutor's Office arrested Shin for bribery charges from a lobbying incident that involved Lee Kuk-chul [ko], chairman of the shipbuilding company, SLS Group.[4][5][6]