Nam Gu-jun, Head of the National Police Agency, "Special Task Force Increased to 1,560 Members... Expansion of Investigation into Speculative Real Estate"

Nam Gu-jun, Chief of the National Investigation Headquarters of the National Police Agency, is giving a briefing on the joint government special investigation headquarters' investigation at the National Police Agency in Seodaemun-gu, Seoul, on the 30th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Lee Gwan-joo] The government joint special investigation headquarters (Special Investigation Headquarters, Special Headquarters), which is investigating real estate speculation allegations triggered by Korea Land and Housing Corporation (LH), will significantly increase its personnel and expand the scope of investigation to include planned real estate speculation.

Nam Gu-jun, head of the National Investigation Headquarters (NIH) of the National Police Agency, who is in charge of the Special Headquarters, stated at a briefing on the 30th, "As speculation allegations involving LH executives and public officials continue to be raised, there is a growing demand for stronger crackdowns," adding, "We will elevate the investigation heads of the metropolitan and provincial police agencies to the rank of Senior Superintendent and significantly expand the investigative personnel to 1,560, which is double the current number."

Accordingly, 194 personnel will be added to the violent crime investigation units and cyber investigation units of each metropolitan and provincial police agency, and special investigation teams will be formed at 149 first-class police stations. The scope of investigation will also be expanded from speculation using internal information to planned real estate speculation such as fraudulent real estate. Head Nam said, "We will expand the investigation scope not only to speculation using internal information and transactions under borrowed names but also to planned real estate speculation," expressing a strong determination by stating, "We will approach the investigation with the attitude of eradicating real estate speculation once and for all."

Head Nam also emphasized, "Corrupt public officials involved in speculation will be investigated under detention, and unjust profits will be definitely recovered," adding, "As the responsible investigative agency, the NIH will proceed with the investigation swiftly and produce results that the public can sympathize with."

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