[단독] ’10 billion land’ lived son and wife company… The money line is Kang Ki-yoon

[앵커]

The company of his son and his wife, who grew up in this way, received other help from his father, Rep. Kang Ki-yoon. He borrowed billions of won from his father’s company and bought a real estate worth 10 billion won without spending a penny. It is also controversial that I got a small business loan while buying this land.

This is Jeon Dabin.

[기자]

It is the site of the Jinhae factory in Gyeongnam.

Iljin Forging, whose wife and son are co-largest shareholders of Congressman Ki-yoon Kang, bought the land here for about 10 billion won in 2018.

I tracked where the money came from.

I received a corporate loan of 8.4 billion won from IBK and 2.9 billion won from Iljin Metal, the parent company.

He bought 10 billion won land without spending a penny of his own money.

However, this land is not on the list of lawmaker Kang’s official property declarations.

Because I bought it under the corporate name.

[김경율/경제민주주의21 공동대표 (회계사) : 사각지대가 있을 수밖에 없는 거죠. 자산으로 잡힌 금액 100억과 부채로 잡힌 금액 100억이 일치하기 때문에, 아들 그리고 배우자가 소유하고 있는 부는 0으로 나타나거든요.]

But here I bought it with a small business loan.

Was it the land that was essential for management?

The Busan Jinhae Special Economic Zone is created within 15 minutes by car from the land purchased by Iljin Forging.

The second new port in Busan is also under construction.

It is a land with a lot of good news.

[인근 부동산 관계자 : 이게 지금 신항 이쪽이 물류 같은 게 들어오면 물류센터라든지, 이쪽에 센터가 두 개 들어왔거든요. 큰 게.]

If the surrounding development is over and the real estate value rises, the wife and son of Kang, the majority shareholder, can take advantage of various methods, including dividends.

[박상인/경실련 정책위원장 : (부동산으로) 회사 가치가 커질 거니까, 주주들 몫으로 떨어지는 거죠. 편법증여라고 볼 수 있다는 생각이 들고요. 사전적인 측면에서 저희가 판단해야 하지 사후적인 결과로 판단할 문제는 아니라는 생각입니다.]

Financial authorities have pointed out that’they lowered the loan threshold to SMEs to save the economy, but this money is actually a problem for buying real estate.’

However, Assemblyman Kang explained that it was not a real estate speculation as a normal business activity for the factory relocation.

It was said that money borrowed from Iljin Metals paid normal interest under the tax law.

However, as a result of the interview, there has been no movement related to the construction of the factory here for several years.

They even sold some of the land.

In response, Assemblyman Kang explained again that the factory construction was delaying due to consultations with local governments and that they were selling some due to financial expenses.

(VJ: Ahn Jae-shin / Video Design: Kang A-ram·Hongbit-nuri / Intern reporter: Kim Gun-hee)