POLICE kidnapped and murdered a South Korean businessman, then led his wife to believe he was alive for months to extort money from her, authorities said Wednesday.

Jee Ick-Joo disappeared from his home in Angeles City, Pampanga in October last year, and his wife initially paid a ransom of P5 million ($100,000), Philippine National Police (PNP) spokesman Sr. Supt. Dionardo Carlos told AFP.

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