Bought 4.2 Billion Land With LH Compensation Employees And Acquaintances Called ‘CEO Kang’



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On the 19th, a joint government investigation team announced that 23 people were caught in the results of the second investigation into alleged LH real estate speculation.  Research Director Choi Chang-won (First Vice President of the State Affairs Coordination Office) salutes before the announcement. [뉴시스]

On the 19th, a joint government investigation team announced that 23 people were caught in the results of the second investigation into suspected LH real estate speculation. Research Director Choi Chang-won (Assistant Secretary of State for State Affairs Coordination Office) salutes before the announcement. [뉴시스]

In the second investigation of the joint government investigation group (hereinafter the joint group) related to the alleged land speculation in the third new city, on the 19th the land owned by 23 people was confirmed with a total of 32 parcels. Of these, 19 lots were farmland. The government plans to seek violations of the Agricultural Land Law. In some cases, 6 out of 23 people owned 2 lots and 1 owned 4 lots of land in a new city. It was surveyed that 16 of the 32 lots were traded within 2 years from the date of the public announcement of the new residents of the city.

Large-scale investigation of allegations of police speculation
Large-scale land purchase in the Gwangmyeong Siheung area
It seems he was seeking compensation by planting willows
LH Headquarters, preparation for seizure and search

In this survey, the joint venture revealed that in addition to land transactions, 237 employees were also identified who conducted housing transactions in areas adjacent to the third new city. However, a government official explained: “In most cases, you own a house or building at your workplace.” The joint group transferred these lists to a special edition as reference material for the research.

Among the Blue House employees, there were 3 real estate transactions in the new city and surrounding areas, in addition to a security officer surveyed as a suspected case. However, it is difficult to see it as speculation because it is 1.5km from the business district or has been in the market for a long time (8 years ago, 12 years ago), said a Blue House official. However, it was also decided to send the cases in a special edition as reference material for the investigation.

The police investigation is also accelerating. The South Gyeonggi Police Agency Special Investigation Unit for Real Estate Speculation has been conducting an investigation calling a titular A (57) employee of the Korea Land and Housing Corporation (LH) since 10 a.m. Mr. A is counted as a key suspect among 15 former and current LH employees investigated by the South Gyeonggi Police Agency. Gwangmyeong and Siheung City are said to have been the first to be purchased, and the scale is also the largest. Mr. A bought 4.2 billion won land in Gwangmyeong and Siheung with his family and other LH employees since 2017, before the city’s third new plan was announced. If the scope is extended to areas close to the new city, the purchase amount will increase even more. It is said that Mr. A, who has been in charge of compensation for the past three years at LH, was called “President” and “Kang” in the Gwangmyeong and Siheung areas. In the land of Mujinae-dong, Siheung-si, which he bought with his wife and a couple of LH employees in April 2018, there is a doubt that he was seeking compensation because a rare tree species that can receive high compensation costs it is planted.

On the other hand, it was found that the overtime of LH headquarters executives and staff members increased dramatically at the time of the seizure and police search, with some arguing that “Hasn’t the LH side done a job? intern to prepare for police investigation? “People’s Strength representative Jeong Jin-seok released the data on the ‘Overtime Status (Feb 1 to March 9)’ released by LH that day. LH headquarters (Jinju, Gyeongsangnam-do) had an average of 262 overtime workers per day for a month in February, but an average of 367 people worked overtime per day from March 1-9. During the survey period, the majority of overtime workers were on March 8 (785) and March 9 (814). On the 9th, the police seized and searched the LH headquarters. Representative Chung said: “It is suspicious that the police have been working overtime the day before the seizure and search,” and argued that “there is a need to further confirm whether the group has been depressed or not, such as when the Wolseong Nuclear document Power Plant No. LH explained, “(Overtime worker) has nothing to do with the police investigation.”

Reporters Yoon Seong-min, Chae Hye-sun, and Hyun Il-hoon [email protected]




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