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Among the so-called ‘Law 5 of LH’ to prevent land speculation, three bills, including the amendment to the Special Public Housing Law, have been approved in the plenary session of the National Assembly. It contains information that enables up to life imprisonment when real estate speculation with undisclosed information. For more details, reporter Woo Cheol-hee will explain. The ‘LH Incident’ that sparked public resentment over suspicions of speculating on land with insider information. The National Assembly held a plenary session and voted on some of the ‘5 LH Laws’ to prevent the second ‘LH Incident’. First, if you use undisclosed information in a real estate transaction or tell someone else, you will be jailed for up to five years or fined up to five times your earnings. Also, if the profit is more than 5 billion won, a punishment of up to life imprisonment or imprisonment for more than 5 years is possible. At the same time, it has been clarified that not only current LH employees, but also retirees who have left the company for less than 10 years, cannot conduct real estate transactions with undisclosed information. In addition, employees of public offices related to real estate, such as LH, must register their properties even if they do not hold high-ranking positions. Staff engaged in real estate-related work should record the date and reason for the property purchase, the source of income, and the property formation process in detail. The inability to retroactively apply the legislation passed this time to LH executives and employees who have recently raised suspicions of speculation is seen as a limit, and the government is in a position to somehow recoup unfair profits. Before the by-elections, the Democratic Party is processing the remainder of the ‘Public Officials Conflict of Interest Law’ and the ‘Real Estate Transactions Law’, but it is unclear if this can be done this month, as it is in a position where the power of the people should not be dealt with quickly. This is YTN Woo Chul-hee.