[Asia Economy Reporter Kim Hyung-min] The prosecution investigating the development corruption allegations in Wirye and Daejang-dong has also launched a full-scale investigation into the 'Baekhyeon-dong development preferential treatment allegations.'
The Anti-Corruption Investigation Division 1 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Eom Hee-jun) dispatched prosecutors and investigators to about 40 locations, including Seongnam City Hall, Seongnam Urban Development Corporation, and the real estate development company Asia Developer, on the morning of the 7th to secure related materials. Among the search locations were the residences of Kim In-seop, former CEO of Korea Housing Technology and known as a close aide to Lee Jae-myung, leader of the Democratic Party of Korea, and Jeong, CEO of Asia Developer.
The Baekhyeon-dong allegations center on Asia Developer receiving preferential treatment in 2015 by having the land use designation upgraded in four stages at once (from natural green space to quasi-residential). The Gyeonggi Southern Provincial Police Agency, which investigated the case, concluded that former CEO Kim was involved in this process and referred the case to the Suwon District Prosecutors' Office Seongnam Branch on charges of bribery under the Act on the Aggravated Punishment of Specific Crimes.
Subsequently, the Seongnam Branch, considering the nature of the case similar to the Daejang-dong corruption allegations, transferred the case to the Seoul Central District Prosecutors' Office.
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