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In South Korea, investment scams impersonating 'Lee Kwang Soo' are becoming prevalent, requiring investors to exercise extreme caution. Scammers exploit the reputation of a well-known investment expert, luring victims with promises of high returns, using fake websites and apps to gain trust, and then demanding additional fees. Concurrently, Lee Kwang Soo, CEO of Kwangsunebokdeokbang, has reversed his eight-year stance on declining housing prices, criticizing government real estate policies and warning of a potential surge.
In impersonation scams, fraudsters approach victims via Telegram or KakaoTalk open chat rooms, initially inducing small investments that yield actual profits to lower their guard. They then recommend larger investments, claiming these are part of Lee Kwang Soo's strategy. Once victims deposit substantial funds, scammers demand additional payments under various pretexts such as taxes or transaction fees. Separately, Lee Kwang Soo of Kwangsunebokdeokbang cited increased money supply, negative real interest rates, and a shortage of supply in the metropolitan area as reasons for a potential real estate surge by 2028, criticizing the government's complacent attitude. He made these statements during a YouTube broadcast on September 7, 2026, a stance contrary to his previous lectures for Democratic Party members.
Bloggers emphasize that investment proposals from unverified sources, especially those demanding additional deposits, should be immediately blocked as they are clear signs of fraud. Regarding Lee Kwang Soo's real estate remarks, they analyze the three core reasons—money supply, interest rates, and supply—behind the shift from a long-term bear to a bull market warning, noting that even pro-government experts have turned critical. It is crucial to differentiate between the credibility of investment information and the identity of the actual person, and thorough verification procedures are necessary to prevent impersonation damage.
