Special Prosecutor for Kim Keon-hee Arrests Lee Ki-hoon, Key Figure in Sambu Construction Stock Manipulation, After 55-Day Fugitive Period

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The special prosecutor's team for Kim Keon-hee has arrested Lee Ki-hoon, executive vice president and key figure in the Sambu Construction stock manipulation case, after a 55-day manhunt, with an arrest warrant issued. Executive Vice President Lee fled to evade investigation into allegations related to Kim Keon-hee. He is expected to play a crucial role in clarifying the full scope of the Sambu Construction and Wellbiotech stock manipulation cases and determining any connection to Kim Keon-hee. Lee faces accusations of participating in stock price manipulation of Sambu Construction from May to September 2023, reaping illicit gains worth approximately 36.9 billion won. Investigation into allegations of stock price manipulation at Wellbiotech is expected to continue. Both Sambu Construction and Wellbiotech manipulated stock prices by citing participation in Ukraine reconstruction projects, providing investors with substantial profits.

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