KH Group, Using Fake Bidders to 'Disrupt Bidding'

Prosecutors investigating the 'Alpensia Resort Bid Interference' case involving KH Group in Pyeongchang, Gangwon Province, summoned former Gangwon Governor Choi Moon-soon for questioning on the 28th.

Former Governor Choi Moon-soon of Gangwon Province. / Photo by Yoon Dong-joo doso7@

Former Governor Choi Moon-soon of Gangwon Province. / Photo by Yoon Dong-joo doso7@

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According to legal circles, the Violent Crime Investigation Division of the Seoul Central District Prosecutors' Office (Chief Prosecutor Shin Jun-ho) called former Governor Choi in the morning for questioning as a suspect.


The Gangwon Development Corporation sold the Alpensia Resort to KH Gangwon Development Co., Ltd., a special purpose company under KH Group, through a competitive bidding process in June 2021 for a total sale price of 711.5 billion won. Prosecutors suspect that former Governor Choi and KH Group conspired in advance to have KH REITs, an affiliate, pose as a fake bidder to enable KH Gangwon Development to acquire Alpensia Resort, exchanging bidding information.



Earlier, the police investigated former Governor Choi, officials from the provincial government office, and KH Group officials?three people in total?on charges of bid interference and referred the case to the prosecution.


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