Nam Gu-jun, Head of the National Investigation Headquarters, "Should LH speculation allegations be left to the prosecution? Difficult to agree"

Nam Gu-jun, Chief of the National Police Agency's National Investigation Headquarters (NIH), is entering the Government Seoul Office in Jongno-gu, Seoul, on the morning of the 8th to report to Prime Minister Chung Sye-kyun. The National Investigation Headquarters of the Police Agency is in charge of overseeing the investigation into the allegations of speculative investment in new towns by employees of the Korea Land and Housing Corporation (LH). Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Lee Gwan-joo] Nam Gu-jun, head of the National Police Agency's National Investigation Headquarters, clearly opposed the opinion that the investigation into the allegations of land speculation by employees of Korea Land and Housing Corporation (LH) in the Gwangmyeong-Siheung new town should be conducted by the prosecution, stating "I cannot agree."

At a press conference on the 8th, Director Nam said, "We have been continuously conducting special crackdowns on real estate and have gained experience," adding, "I find it difficult to agree that it should be entrusted to the prosecution."

Regarding the prosecution's investigation of the first and second phases of new towns in the past, Director Nam countered, "It is true that the prosecution acted as the control tower at that time, but the police were also dispatched to related departments and participated together," and "I understand that a significant portion of the results came from the police."

He emphasized, "I will do my best to demonstrate investigative capabilities with a sense of duty."

The police have formed a special investigation team centered on the National Investigation Headquarters, involving the Gyeonggi Southern Provincial Police Agency, Gyeonggi Northern Provincial Police Agency, Incheon Police Agency, and the Major Crimes Investigation Division of the headquarters to respond to this case. The police are expected to first examine violations of the Anti-Corruption Act and the Special Act on Public Housing related to the use of insider information. Director Nam explained, "I cannot provide specific details on the progress of the investigation, but the complainant's investigation and the participation of Minbyun (Korean Lawyers for Public Interest and Human Rights) as witnesses have been conducted."

The police plan to conduct separate investigations and intelligence-gathering activities alongside participation in the government joint investigation team led by the Prime Minister's Office. A National Investigation Headquarters official emphasized, "Investigations will proceed as planned, and we will continue multifaceted investigations such as receiving requests for investigation and uncovering intelligence."

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