Police Conduct Search and Seizure at LH Seoul Regional Headquarters and Others Over 'Supply Corruption Allegations' (Comprehensive)

On the 5th, officials affiliated with the National Demolition Residents Council held a press conference in front of the LH Corporation Seoul Regional Headquarters in Gangnam-gu, Seoul, urging the dismantling of LH, the establishment of a Housing Agency, and the stabilization of housing for low-income residents. Photo by Kang Jin-hyeong aymsdream@

[Asia Economy Reporter Jeong Dong-hoon] The police have launched a forced investigation into the LH Seoul Regional Headquarters and others in connection with a supply corruption probe.

The Anti-Corruption and Public Crime Investigation Unit of the Seoul Metropolitan Police Agency announced that from around 10 a.m. on the 13th, they are conducting searches and seizures at five locations, including the LH Seoul Regional Headquarters in Gangnam-gu, Seoul, related to supply corruption.

Earlier, on the 8th of last month, the police conducted searches and seizures at six locations, including the LH headquarters, the residences of three suspects, and supply companies, on charges of favoring certain companies in supplying construction materials during apartment construction.

Among the suspects, one is a former LH headquarters executive, and the other two are representatives of different construction material companies located in Hwaseong, Gyeonggi-do. The police believe that LH gave preferential treatment in the construction material supply process to companies introduced by the former LH executive who was booked. It is known that the police discovered new suspicious points while collecting intelligence related to real estate speculation and launched the investigation.

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