Police Conduct Repeated Search and Seizure at Ministry of Land and LH... Personal Information of Current and Former Employees Secured (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Lee Gwan-ju] The police investigating allegations of real estate speculation by employees of Korea Land and Housing Corporation (LH) are conducting another raid on the Ministry of Land, Infrastructure and Transport and LH headquarters.

The Special Investigation Unit for Real Estate Speculation Crimes of the Gyeonggi Southern Provincial Police Agency sent investigators this afternoon to conduct raids at the Ministry of Land, Infrastructure and Transport in the Government Sejong Complex and LH headquarters in Jinju, Gyeongnam.

This is the third raid on LH headquarters. The first raid took place on the 9th when the initial allegations of speculation related to the 3rd New Town project surfaced, and the second raid on the 17th was related to a 'mocking post' on Blind.

The raid on the Ministry of Land, Infrastructure and Transport is also the second, following the one on the 17th. According to the police, this raid was conducted to secure personal information of all current and former employees who have worked at the Ministry’s Public Housing Headquarters and LH since 2015.

A police official stated, "We plan to use the secured data to investigate proxy transactions under the names of relatives."

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