LH Jeonbuk Headquarters Staff Suspected of 'Expedition Speculation'... Jeonbuk Police Investigate 3 Cases

[Image source=Yonhap News]

[Asia Economy Reporter Lee Gwan-ju] A high-ranking official who served as the head of the Jeonbuk branch of Korea Land and Housing Corporation (LH) recently took an extreme step, and the police have launched an internal and external investigation into allegations related to 'overseas speculation' by LH Jeonbuk branch employees.

The Jeonbuk Provincial Police Agency's Special Investigation Unit for Real Estate Speculation Crimes announced on the 16th that they are conducting internal and external investigations into a total of three cases: two cases transferred from the National Investigation Headquarters of the Police Agency related to real estate speculation, and one case based on intelligence they collected themselves.

A police official stated, "Since it is still in the early stages, we cannot confirm the progress details," and added, "We plan to conduct a swift and strict investigation in accordance with the law and principles."

The police reportedly detected circumstances in which LH Jeonbuk branch employees and their relatives purchased land in the planned area of Gwangmyeong-Siheung New Town in 2018, and are examining the facts.

This content was produced with the assistance of AI translation services.