Ministry of Justice to Officially Establish 'Yeouido Grim Reaper' Financial and Securities Crime Joint Investigation Unit

Minister of Justice Han Dong-hoon is visiting the Central Location Tracking Control Center in Dongdaemun-gu, Seoul, on the afternoon of the 11th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Heo Kyung-jun] The Ministry of Justice is pushing to officially establish the Joint Financial and Securities Crime Investigation Unit, known as the "Yeouido Grim Reaper," as a formal organizational entity.

According to the legal community on the 12th, the Ministry of Justice submitted a mid-year ad hoc organizational request to the Ministry of the Interior and Safety on the 30th of last month, focusing on formalizing the Joint Investigation Unit.

The Ministry of Justice's move to formalize the Joint Investigation Unit is interpreted as an effort to enhance operational stability and avoid restrictions on prosecutor appointments through regular personnel changes or budget allocations.

In April, the Ministry of Justice also requested the Ministry of the Interior and Safety to formalize the predecessor of the Joint Investigation Unit, the Securities Crime Investigation Cooperation Unit, but the Ministry of the Interior and Safety rejected the request, so it has been operating without formal status until now.

The Joint Investigation Unit is currently investigating various financial crimes, including the Terra and Luna incidents.

In addition, the Ministry of Justice is reported to have included in the ad hoc organizational request the separation of the Anti-Corruption and Violent Crime Divisions of the Supreme Prosecutors' Office, the restoration of the Investigation Information Office, and the expansion of the Women and Children Crime Investigation Division.

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