Lee Hyo-sik is Finance Desk editor at The Korea Times. He manages finance-related stories on macroeconomics, banks, stocks, bonds, crypto etc. He is passionate about covering what's happening in Korea's financial industry and explaining it to both Korean and non-Korean readers. You can reach him at leehs@koreatimes.co.kr. Your insights and feedbacks are always appreciated.
Manhunt underway to catch armored car robber
By Park Si-soo
A large-scale manhunt is underway to catch a man suspected of stealing 536 million won ($475,000) from an armored vehicle delivering cash to banks on Dec. 31.
Police have placed the man on a wanted list. He appears to be in his late 20s or early 30s in the video footage captured from a surveillance camera installed inside the car.
According to police, the man unlocked the door of the armored vehicle parked between 1:10 and 1:30 p.m. at the Gumi College campus in Gumi, North Gyeongsang Province.
At that time, no security guard was in the car and the campus was sparsely populated, police said.
Police believe he is an experienced thief due to his expert planning as he unlocked the door in just minutes and removed the memory chip that saves the footage from the surveillance camera.
The actual clip of the robbery and the suspect was restored from a computer hard disk located within the surveillance camera.
In the clip, the suspect was a bit chubby and wearing an ivory winter jacket.