A second senior official from Korea Land and Housing Corp (LH) was found dead in Paju, north of Seoul, in an apparent suicide amid a growing insider property speculation scandal, an officer from the Paju Police Station said.
Yonhap news agency had reported the death earlier yesterday and had said the LH official did not appear to be a subject of a probe into the accusations of insider speculation by dozens of employees of the state housing corporation.
This is the second death of an LH official since the South Korean government this week declared war on property crime.
The other official was found dead on Friday, also of an apparent suicide. He had left a letter saying he was sorry for doing “undesirable things” when he headed LH’s office in the province of North Jeolla, Yonhap had reported.
According to an initial investigation into the scandal, at least 20 LH employees are suspected of trying to use classified knowledge to buy undeveloped land before new development projects were slated to begin in the areas, South Korean Prime Minister Chung Sye-kyun said on Thursday.
Criticizing the sluggish progress of the probe, the main opposition People Party has demanded an investigation led by prosecutors to ensure a speedy and thorough process.
The scandal has sparked outrage in South Korea as property prices in and around Seoul have soared, making affordable housing hard to find.
The South Korean Minister of Land, Infrastructure and Transport Byeon Chang-heum has offered to resign over the scandal.
Although he has not been implicated personally, Byeon was head of LH from April 2019 until December last year.
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