Special Investigation Unit Investigates and Probes 2,082 People for Suspected Insider Trading and Speculation... 13 Arrested

[Asia Economy Reporter Lee Gwan-ju] The government joint special investigation headquarters (Special Investigation Headquarters) is conducting internal and criminal investigations on 2,082 individuals regarding real estate speculation allegations triggered by the Korea Land and Housing Corporation (LH).

According to the Special Investigation Headquarters on the 10th, as of this day, 532 cases involving 2,082 individuals related to speculation using insider information and planned real estate have been under internal and criminal investigation. Among them, 13 people have been arrested, and 219 have been referred to the prosecution. Investigations are ongoing for 1,720 individuals, while 143 were reported as having no charges and were dismissed or not prosecuted.

By type, 267 cases involving 1,119 individuals related to speculation using insider information are under investigation, with 101 referred to prosecution. Planned real estate cases number 265 involving 963 individuals under investigation, with 118 referred to prosecution.

Among the investigation targets, 247 are public officials. Of these, 5 are high-ranking officials, 10 are heads of basic local governments, and 5 are members of the National Assembly. Among the heads of basic local governments, 3 were dismissed without charges, and 7 were indicted.

Regarding pre-indictment seizure and confiscation orders for illegal profit recovery, 16 cases amounting to approximately 44 billion KRW have been approved by the court as of this day. The Special Investigation Headquarters is also known to have applied for seizure and confiscation orders for 6 cases amounting to about 5 billion KRW.

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