Two Gyeongnam Police Officers Promoted for Cracking Investment Fraud and Illegal Loan Gang

Kyung Kim Jeong-ho and Kwon Hyo-jin from Yangsan promoted from Lieutenant to Captain

Police officers in the Gyeongnam region who apprehended a group involved in fake investment site scams and high-interest illegal lending businesses have received 'special promotions.'

On the afternoon of the 12th, the head of the National Investigation Headquarters visited the Gyeongnam Police Agency and presented special promotion appointment certificates to Detective Kim Jeong-ho of the Provincial Police Criminal Mobile Unit and Detective Kwon Hyo-jin of the Yangsan Police Station Intelligence Team.

Woo Jong-su, head of the National Investigation Headquarters, presented special promotion appointment certificates to Kim Jeong-ho of the Criminal Mobile Unit at Gyeongnam Provincial Police Agency and Police Lieutenant Kwon Hyo-jin of the Intelligence Team at Yangsan Police Station.
[Photo by Gyeongnam Police Agency]

According to the Provincial Police Agency, Detective Kim arrested 76 members of an organization that set up fake investment sites on social networking services (SNS) such as open chat rooms and YouTube, embezzling 3.1 billion KRW from 110 victims, and 14 of them were detained.

Detective Kwon arrested 30 individuals involved in an illegal lending business amounting to 31.5 billion KRW, charging interest rates exceeding 27,000% annually through Telegram chat rooms, with 4 of them detained.

Both officers were promoted from Detective to Senior Detective.

Chief Woo Jong-su stated, “This is an exemplary case that maximized investigative efficiency through focused investigation by consolidating cases,” and added, “Please actively respond to new malicious fraud crimes that infringe on the daily lives of the public, as in this case.”

A representative of the Gyeongnam Police Agency said, “We will continue to strictly enforce the law to eradicate new types of fraud crimes such as investment leading room scams and strengthen activities to protect actual victims through the recovery of criminal proceeds.”