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South Korea arrests 34 in 'embarrassing' land speculation scandal

Probe into insider deals by public employees erodes trust in ruling party

The price of condominiums in South Korea has soared 80% in the four years since President Moon Jae-in took office.   © Reuters

SEOUL -- South Korean authorities have arrested 34 people and referred 529 more to prosecution in connection with a land speculation scandal that has infuriated the public in a country where sky-high real estate prices have put housing out of reach for many.

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