Korean police seek freeze on Luna Foundation Guard assets: KBS

Police authorities in South Korea are taking action to freeze assets tied to the non-profit group Luna Foundation Guard, according to KBS, the country's national broadcaster.

Per the publication, the Seoul Metropolitan Police Agency asked multiple exchanges to block Luna Foundation Guard (LFG) from withdrawing any corporate funds.

However, the exchanges are not bound by law to do so, meaning that whether or not those actions will be carried out is unclear, according to KBS.

Police said that they intervened after finding clues indicating that there were embezzled funds within LFG, per the report.

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