Police Launch Preliminary Investigation into Hwacheondaeyu Amid Controversy over Preferential Treatment in Development Project
[Asia Economy Reporter Lee Gwan-joo] It has been confirmed that the police have initiated a pre-booking investigation (internal inquiry) into 'Hwacheon Daeyu,' which has been embroiled in controversy over preferential treatment allegations in the Daejang-dong development project in Seongnam-si, Gyeonggi Province.
A police official stated on the 17th, "Currently, the Yongsan Police Station in Seoul is conducting a pre-booking investigation," adding, "It is difficult to provide detailed information."
The police reportedly began the pre-booking investigation after receiving an official document from the Financial Intelligence Unit (FIU) of the Financial Services Commission, indicating suspicious money flow related to Hwacheon Daeyu.
Hot Picks Today
![[Breaking] Samsung Electronics Management: "The Principle That Rewards Are Given Where There Are Results Has Been Upheld"](https://cwcontent.asiae.co.kr/asiaresize/93/2026052014513970767_1779256299.png)
[Breaking] Samsung Electronics Management: "The Principle That Rewards Are Given Where There Are Results Has Been Upheld"
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The police are said to be examining the facts regarding the scale and nature of the funds, as well as possible embezzlement and breach of trust by major shareholders and representatives.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
![[Breaking] Samsung Electronics Labor and Management Officially Sign Tentative Agreement](https://cwcontent.asiae.co.kr/asiaresize/307/2026052022492353201A.jpg)
