Over 3,500 exposed in special crackdown on real estate crimes: police
Police have found 3,565 people suspected of committing real estate-related crimes, with over 2,100 of them referred to the prosecution and 16 formally arrested, police officials said Tuesday. Following its yearlong special crackdown on such crimes that began October 2025, the police referred 2,151 to prosecutors on various charges, including fixing or inflating home prices, and applying for and…
Over 3,500 individuals were identified as suspects in a special police crackdown on real estate-related crimes, with more than 2,100 of them referred to prosecutors and 16 formally arrested, police officials announced on Tuesday. This year-long operation, initiated in October 2025, led to the referral of 2,151 suspects to courts on charges such as manipulating home prices and obtaining new apartments through fraudulent methods, according to the officials.
The crackdown has been extended until the end of October 2027, reflecting ongoing efforts to control rising housing prices.
Farmland speculation constituted the majority of the exposed individuals, accounting for 25.2 percent or 898 people. The second-largest group consisted of 795 people accused of committing fraud during apartment applications, while 726 were charged with illegal brokering activities, which included inflating home prices. Authorities have frozen illicit earnings totaling 14.79 billion won ($11.02 million) even prior to formal indictments and notified pertinent agencies about 616 individuals for potential punitive administrative actions.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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