Jeonnam Police Operate Dedicated Investigation Team to Eradicate Real Estate Speculation
Formed a Dedicated Investigation Team of 48 Members for Strict Action Against Real Estate Speculation Offenders
[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] The Jeonnam Provincial Police Agency has formed a 'Real Estate Speculation Crime Dedicated Investigation Team' and launched an all-out response to crack down on and eradicate real estate speculation activities.
According to the Jeonnam Provincial Police Agency on the 12th, the dedicated investigation team for real estate speculation crimes is composed of a total of 48 members, including the head of the investigation division of the Jeonnam Police Agency as the team leader, and the anti-corruption economic crime investigation unit, organized into a general team, investigation team, and analysis team.
The police have established a cooperative system with related organizations to intensively crack down on corruption crimes such as real estate speculation and illegal real estate speculation activities by collecting intelligence. They plan to recover criminal proceeds from speculation in accordance with relevant laws.
The main targets of the crackdown are ▲real estate 'insider information misuse' by public officials and employees of public institutions ▲illegal acquisition of farmland in development areas nationwide, illegal land use changes, and other 'real estate speculation activities' aimed at compensation profits ▲various 'real estate market disruption activities' such as false transaction reports followed by cancellations, collusion for price manipulation, illegal resale, nominee transactions, unregistered resale, and illegal brokerage.
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A Jeonnam Police official stated, “To eradicate real estate speculation, we will continue to strictly enforce legal and principled judicial measures against all illegal acts that disrupt the real estate market,” and added, “We ask residents to actively report and provide tips if they suspect real estate speculation.”
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