Prosecutors Prepare Comprehensive Measures Against 'Real Estate Speculation Offenders'... Nationwide Prosecutors' Video Conference Tomorrow
All Public Officials Involved in Speculative Investment Arrested and Prosecuted with Maximum Sentences
Expansion of Dedicated Real Estate Speculation Investigation Teams in 43 Prosecutor's Offices Nationwide
Comprehensive Review of Real Estate Speculation Cases Over the Past 5 Years
[Asia Economy Reporter Choi Seok-jin] The prosecution has decided to expand the 'Real Estate Speculation Crime Task Force' to 43 prosecution offices nationwide in order to fully respond to real estate speculation crimes, including allegations of speculation involving employees of Korea Land and Housing Corporation (LH) and public officials related to the 3rd New Town development.
The prosecution will adopt a principle of detaining all suspects involved in public office-related speculation crimes, such as those using confidential information obtained through their duties, and will seek the maximum legal penalties. Additionally, they plan to conduct a comprehensive review of real estate speculation cases disposed of in the past five years and, if necessary, prosecutors will directly reopen investigations or change dispositions.
On the 30th, the Supreme Prosecutors' Office issued instructions to prosecution offices nationwide outlining these comprehensive measures to eradicate real estate speculation.
On the morning of the 31st, the Supreme Prosecutors' Office will hold a 'National Prosecutors General Video Conference' chaired by Acting Prosecutor General Cho Nam-gwan, with the participation of 18 district prosecutors and five branch offices overseeing the metropolitan area of the 3rd New Town, to discuss specific measures to eradicate real estate speculation.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051414165763158_1778735817.jpg)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- [Breaking] Park Sukeun, Central Labor Relations Commission Chair: "Some Gaps Narrowed Between Samsung Electronics Labor and Management"
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- "I Take Full Responsibility"... Chung Yongjin Issues Direct Apology for Starbucks 'May 18 Controversy' (Update)
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
A representative from the Supreme Prosecutors' Office stated, "The prosecution will maintain a zero-tolerance policy toward real estate speculation crimes and will concentrate all efforts to eradicate them."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
