SH Corporation, Preliminary Land Speculation Case ‘0’



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[이코노믹리뷰=우주성 기자] The Seoul Urban and Housing Corporation (SH Corporation) announced on the 11th that there were no suspected cases of land speculation as a result of conducting a comprehensive investigation into whether employees and their families were compensated in connection with the case. land purchase of development land by employees of Korea Land and Housing Corporation (LH).

View of the Seoul Urban and Housing Corporation
View of the Seoul Urban and Housing Corporation

According to the results of a self-investigation by SH Corporation, a total of 4 employee families received compensation. In the case of land, there is 1 person and the obstacles are 3 people. One of the four who received compensation was not charged with inherited land compensation before joining the company, and one of the officials explained that the charge seems low, but that the facts are being verified. The remaining two have already been subjected to severe disciplinary action (demotion) after self-investigation due to the submission of false agricultural documents in 2019.

SH Corporation conducted a thorough investigation into compensation of employees’ lands and their families, etc. 4-10. A total of 6,015 people were surveyed, including 1,531 employees and 4,484 family members.

SH Corporation has verified whether the immediate existence of employees and employees of the same household in 14 districts of the project that the Corporation has implemented since 2010 received compensation for land or obstacles. Compensation data and names and dates of birth of employees and employees registered in the personnel system were compared with each other.

In the case of Daeto Compensation, the KTO said that of the 14 project districts subject to this survey, there were only a few lots from the Segok 2 district.

SH Corporation plans to expand and investigate whether there has been compensation for land or obstacles in the previous 14 business districts by obtaining consent for the use of personal information for separate employee households in the future.

SH Corporation Chairman Kim Se-yong said: “To resolve public suspicions, although this is not the subject of the government investigation, we conducted a comprehensive survey in the project district.” “Going forward, integrity is the top priority to improve fairness and transparency. We will do everything we can to ensure that the public does not lose the public’s trust in operating the organization.”

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