Jaseng Hospital of Korean Medicine's new headquarters in Nonhyeon-dong [Provided by Jaseng Hospital of Korean Medicine = Yonhap News]

Police are currently conducting a search and seizure operation at the Jaseng Hospital of Korean Medicine in connection with allegations of insurance fraud amounting to tens of billions of won.

According to Yonhap News reports on the 9th, investigators from the Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency have been executing search warrants at the Jaseng Hospital of Korean Medicine and the Jaseng Medical Foundation in Gangnam-gu since this morning.

Previously, four insurance companies, including Samsung Fire & Marine Insurance and Hyundai Marine & Fire Insurance, filed complaints with the police alleging that the Jaseng Hospital of Korean Medicine had indiscriminately prescribed herbal medicine to traffic accident patients, thereby defrauding insurance companies of tens of billions of won. [Yonhap News]