[Breaking] Hong Nam-ki: "LH Special Investigation Unit Transfers 52, Arrests 6... Seizes and Recovers Real Estate Worth 24.4 Billion KRW"

[Sejong=Asia Economy Reporter Kim Hyunjung] Hong Nam-ki, Acting Prime Minister, Deputy Prime Minister, and Minister of Economy and Finance, announced on the 19th that through investigations related to speculation allegations involving Korea Land and Housing Corporation (LH), real estate worth approximately 24.4 billion KRW has been confiscated and seized to preserve assets.

Acting Prime Minister Hong chaired a meeting on cooperation in the investigation of real estate speculation at the Government Complex Seoul on the morning of the same day, stating, "It has been about a month and a half since the investigation began, and now substantial results are emerging." He added, "The Special Investigation Headquarters has conducted preliminary investigations or investigations on 198 cases involving 868 people, referred 52 individuals with confirmed charges, and detained 6. Additionally, speculative profits have been quickly identified, resulting in the confiscation and seizure of real estate worth approximately 24.4 billion KRW to preserve assets."

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