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Controversy is expected as Democratic Party lawmaker Kim Hong-geol, the youngest son of former President Kim Dae-jung, is revealed to have omitted the right to sell apartments for 1 billion won and the mall’s stock in a report. ownership during general elections 4-15.
It was discovered that Congressman Kim did not report the right to sell a 1 billion won apartment in Godeok-dong, Seoul, which was sold in 2016 by his wife Im Mo, to the Election Commission at the time of registration as a candidate for general elections 4-15. When Mr. Lim sold the pre-sale rights in February, his deposits jumped from the reported amount of 110 million won at the time of the general election to 1.17 billion won recently. Only a “ deposit of approximately 1 billion won ” from an unknown source was reported, but the right to sell apartments subject to ownership reporting was found to be waived. The three-story business district in Seodaemun-gu, Seoul, owned by his wife Lim, also reported that the area and value of the business district were different from the facts. Lim bought half of the remaining shares from his younger brother in 2008 and assumed ownership, but only half were reported.
At the time of the general election in April, Congressman Kim informed the NEC (in late December 2019) that he had assets of 5.8 billion won. On the 28th of last month, the property registration status (as of the end of May 2020) released by the Public Officials Ethics Committee of the National Assembly reported 6.67 billion won.
Representative Kim’s office admitted it was a “mistake.” Representative Kim said: “At the time, I did not know if the right to sell was the subject of ownership reports. He said: “In the process of moving the party (and from the Citizen Party to the Democratic Party), the Citizen Party lost it because there was no one to care for (property report details).” Regarding the shopping center building, he explained, “I did not report all the actions of the shopping center and I only reported half.”
Regarding the suspicion of intentional omission, he said, “I just need to remove my deposit from my passbook, what would I do?” And he said, “(Rep. Kim) is not a candidate, and this is not a house, so I didn’t really know.
Earlier, when it became a problem for the ownership of several Democratic homes for Democratic Party lawmakers, Kim gave his youngest son an apartment in Gangnam, which was controversial. Representative Kim donated an apartment in Ilwon-dong, Gangnam, which had three houses in Gangnam, Seocho and Mapo, Seoul, and said “I will sell it” to the son in his twenties. The market price of the apartment is known to be around 1.8 billion won (about 2 billion won).
As the controversy grew at the time, Congressman Kim said, “I know the decision was made to give the second child a gift in a situation where it was necessary to resolve multiple houses.” “We normally pay a donation tax of more than 600 million won.” Representative Kim also voted in favor of the so-called ‘Monthly Limit / Pen System’, which prevented the jeon and monthly rent from being increased by more than 5%. It also grossed 400 million won to 50 million won.
