Ten employees of the Korea Land and Housing Corporation (LH) were allegedly excluded from work as suspicions were raised that they had purchased land for speculation in the region before designation as a new city in Gwangmyeong and Siheung, Gyeonggi Province.
The suspicion that the employees of LH, a public institution that is in charge of securing new housing sites and compensating for compensation, conspired and launched speculation, pours out a stinging glance as’the case of leaving fish to cats’.
While the Prime Minister even ordered a thorough investigation, the Ministry of Land, Infrastructure and Transport immediately initiated a thorough investigation into the Gwangmyeong Siheung District, raising the possibility of further revealing the speculation situation.
Attorneys’ Association for Participation Solidarity and Democratic Society (Minbyun) held a press conference yesterday (2nd), and 10 LH staff members were announced as new public housing sites last month. ) Was purchased before the designation of a new city.
Participation Solidarity and Minbyun received a report and analyzed the land ledger in the region. From April 2018 to June 2020, 14 LH employees in the metropolitan area and their spouses and families all purchased 10 parcels for about 10 billion won. Announced that it was found to be.
Shortly after the announcement, LH said that 12 out of 14 employees were identified as current employees and 2 were former employees, and that 12 of them were immediately excluded from work.
Most of the former and current employees who are suspicious of speculation are known to belong to LH’s Seoul and Gyeonggi regional headquarters.
It is reported that some of them belong to the department in charge of land compensation for new residential land.
The land they purchased is farmland distributed around the designated areas of the new city (all answers), and when they enter development, they can receive compensation for accommodation or compensation for land (a method of paying land instead of cash).
Of the 10 billion won in land purchases, it is estimated that about 5.8 billion won came from loans to financial institutions.
In many circumstances, Minbyun et al. argue that there is a suspicion that LH employees, who are good at development information and land compensation business, have borrowed a large amount from financial institutions and purchased a pile of land in areas with high potential for new city development for speculation purposes.
“If you look at LH’s internal compensation regulations, the shareholders who have 1,000 square meters are subject to the large-soil compensation standard. Some parcels were’splintered’ as soon as they died, but (equity holders) were compensated by giving them more than 1,000 square meters. “There are circumstances in which it seems that you know the way and acted.”
In the farmland they bought, the situation was also spotted when extensive tree planting took place immediately after the designation of a new city.
It is suspected to be a carefully planned action to increase the amount of compensation.
The Participation Solidarity and Minbyun emphasized that the allegations raised could be’the tip of the iceberg’.
If the suspicion of investigating some randomly selected parcels after being reported is this much, he said that there is a possibility that there is a possibility of a larger scale of speculation and moral hazard, and that he will request a public interest audit to the auditor.
Some argue that the subject of all speculation allegations should not be limited to Gwangmyeong and Siheung new cities, but should be expanded to all six and third new cities.
In addition, a responsibility to the Minister of Land, Infrastructure and Transport Byun Chang-heum has also been raised.
It is said that the time when Minister Byun served as president of LH (April, 2019 to December 2020) overlapped with the period when employees who were suspected of speculation purchased the land, and were responsible for managing and supervising it.
Yesterday, when Minister Byeon mentioned the allegations of speculation in advance by LH executives and employees at a New Year’s meeting with the heads of the Ministry of Land, Infrastructure and Transport, the news that he requested the improvement of integrity was criticized at internet real estate cafes, etc.