Police Raid Jaseng Oriental Medical Hospital Over Suspected Hundreds of Billions Won Insurance Fraud

Suspected Violation of the Special Act on the Prevention of Insurance Fraud

The police have launched a compulsory investigation into Jaseng Korean Medicine Hospital, which is embroiled in allegations of insurance fraud worth tens of billions of won.

The Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency began conducting raids on July 9 at five locations, including Jaseng Medical Foundation and Jaseng Korean Medicine Hospital in Gangnam-gu, Seoul, on suspicion of violating the Special Act on Prevention of Insurance Fraud.

Seoul Metropolitan Police Agency Metropolitan Investigation Unit. Yonhap News

According to the police, Jaseng Korean Medicine Hospital is suspected of having distributed pre-manufactured herbal medicine from factories to traffic accident patients in April, disguising it as individually prescribed medication, and thereby illicitly collecting insurance payouts totaling hundreds of billions of won.

Previously, the police received complaints from four insurance companies, including Samsung Fire & Marine Insurance and Hyundai Marine & Fire Insurance. According to a Ministry of Land, Infrastructure and Transport notice, herbal medicine prescribed to traffic accident patients must be individually tailored by medical staff based on the patient's symptoms and conditions.

The police plan to analyze prescription records and related documents secured on this day to verify whether the actual prescriptions were appropriately made.

This content was produced with the assistance of AI translation services.