Kim Kun-hee Special Investigation: “Raids on 13 Places Including Sambu Construction… Summoning for Investigation as Soon as Possible” (Summary)

The special prosecutor’s team, led by Min Joong-gi, investigating allegations against Kim Gun-hee, launched its first forced investigation by conducting raids on the headquarters of Sambo Construction and the home of former chairman Cho Seong-ok, as well as other locations, citing the readiness of the investigation and public interest as key factors. The investigation focuses on suspected stock manipulation involving Sambo Construction, with Kim Gun-hee and former Black Pearl Investment CEO Lee Jong-ho, who managed her accounts, at the center. The prosecutor’s team aims to widen the scope of the investigation as required and intends to conduct summonses expediently. Financial supervision authorities have suggested that Sambo Construction artificially inflated its stock value by misleading investors about international ventures, implying significant involvement and potential violations of securities laws. The investigation will scrutinize whether Kim was involved through her association with Lee.