Examination of arrest warrants for former and current executives of LS Securities Co., Ltd. 'Using undisclosed information'

Three former and current executives and employees of LS Securities, who are suspected of stealing tens of billions of won in loans using real estate business information they learned from their duties, are at a crossroads.

From 10 a.m. today (27th), the Seoul Central District Court reviewed arrest warrants for three executives and employees, including Mr. Kim, former head of LS Securities Co., who is suspected of being injured under the Specific Economic Crimes Aggravated Punishment Act.

Arrest is expected to come out as early as today.Three executives and employees of LS Securities, including

Kim, are accused of directly implementing real estate project financing projects using undisclosed information and leaking 83 billion won in loans to the outside of the developer.

The prosecution launched an investigation at the request of the Financial Supervisory Service, and last month, it raided more than 10 locations, including LS Securities and Hyundai Engineering & Construction headquarters.