Police Summon First LH Employee for 'Speculation Allegations' Two Weeks After Investigation Begins (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Lee Gwan-ju] The government joint special investigation headquarters (Special Investigation Headquarters) investigating allegations of real estate speculation by employees of Korea Land and Housing Corporation (LH) has begun summoning key suspects for questioning. This comes two weeks after the LH speculation allegations first surfaced.

The Special Investigation Unit for Real Estate Speculation Crimes of the Gyeonggi Southern Provincial Police Agency is questioning LH employee A on the morning of the 19th.

A is suspected of using insider information from 2017 until recently, just before the announcement of the Gwangmyeong and Siheung 3rd New Town plans, to purchase land parcels in the area with family and colleagues, spending between 6 to 7 billion KRW.

The police plan to investigate whether A used insider information and whether the information was shared with other suspects. It is known that several other LH employees were also summoned along with A.

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