Prosecutors Conduct Search and Seizure on KT's Kiunmo Koo and Jungsu Nam over Preferential Contracting Allegations
Prosecutors investigating the 'KT preferential treatment allegations' conducted searches and seizures of current and former top executives on the 20th, signaling the start of an investigation into higher-ups.
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![Former KT CEO Koo Hyun-mo [Photo by Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022122915401368391_1672296012.jpg)
The Fair Trade Investigation Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Lee Jeong-seop) sent prosecutors and investigators to more than 10 locations, including the residences and offices of former KT CEOs Koo Hyun-mo and Nam Jung-soo, to secure related materials. Park Jong-wook, Head of KT's Management Planning Division and Acting CEO, was also included in the search and seizure targets that day. Prosecutors suspect that KT executives funneled work orders to KDFS and used the increased profits as slush funds.
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