South Korean Prime Minister Chung Sye-kyun declared a “war on property crime” on Thursday amid a growing investigation into insider speculation by government employees at the country’s state-owned housing corporation.
The comments from the South Korean leader come after an initial investigation of 20 staff at the Korea Land and Housing Corp (LH) was expanded to at least 74 employees who are suspected of using classified knowledge to purchase land before government development projects were announced, in a process known as speculation.
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