Amidst the public’s high anger over the allegations of speculation in the Gwangmyeong Siheung New City by an employee of the Korea Land and Housing Corporation (LH), Minister of Land, Infrastructure and Transport Byun Chang-heum, who served as president of the LH, as the minister of affairs in charge, came to the National Assembly and apologized in a prone position.
Minister Byeon said, “As the minister in charge of the relevant affairs and as the former head of LH, as the minister in charge of affairs and as the former head of the LH,” he said in an emergency report of the National Assembly’s National Land, Infrastructure and Transport Commission on the 9th. I am deeply apologizing,” he said.
Minister Byeon added, “I am well aware that the people have felt great disappointment and anger over this incident.”
“We are accepting this as a very serious incident that influences public trust, and in order to restore the public’s trust in the future, we will more strictly investigate allegations of speculation and punish speculators on the principle of zero tolerance. “We will quickly come up with measures to prevent recurrence,” he continued.
Currently, the government has formed a joint investigation team supervised by the Prime Minister’s Office and is conducting a total survey of land transactions in the third new city for LH executives and employees, all employees of the Ministry of Land, Infrastructure and Transport, as well as immediate families.
The National Police Agency’s National Investigation Headquarters also initiated a full-scale investigation.
Minister Byeon said, “We will actively cooperate with the joint investigation led by the Prime Minister’s Office and the investigation of the noodle text so that allegations of speculation will be clearly revealed.”
He added, “If the fact of speculation is confirmed, we will take it as a rule of thumb to make a difference on the principle of zero tolerance, and fundamentally, we will prepare systematic and meticulous recurrence prevention measures to prevent this from happening again,” he added.
In addition, Minister Byeon suggested that employees of real estate-related agencies restrict land transactions and introduce a system to report on land transactions and mandatory registration of property to establish a system that monitors them at all times.
Minister Byeon said, “After the announcement of the 2·4 supply plan, the real estate market is showing a shape that the rise in sales and jeonse prices are waning.” I can’t do it.”
He said, “Investigation of speculators and countermeasures against recurrence should be promptly pursued, as well as the previously announced housing supply countermeasures should be pursued without a hitch.” “We will derive possible outcomes and secure market confidence in expanding housing supply.”
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