Korea Land and Housing Corporation (LH) Jeonbuk Headquarters office. yunhap news
The police applied for an arrest warrant to an employee of the Korea Land and Housing Corporation (LH) who was accused of speculating with undisclosed inside information, such as buying the land in Gwangmyeong and Siheung, Gyeonggi-do under the new name. This is the first time that the police investigating allegations of LH employees’ land speculation have applied for an arrest warrant for former and current LH employees.
On the 5th, the Special Investigation Unit for real estate speculators at the Gyeonggi Southern Police Agency announced on the 5th that it had applied for a warrant for arrest on the afternoon of the 2nd for the incumbent LH employee A and his two acquaintances on charges such as the use of confidentiality in business under the Anti-Corruption Act.
LH employee first warrant… “Purchase the first land in the area”
On the afternoon of the 25th of last month, the Jinbo Party Jeonbuk Provincial Party held a rally in front of the Jeonbuk Headquarters of the Korea Land and Housing Corporation (LH) and urged the return of real estate speculation profits. Jeonbuk Dodang performed a performance of changing the name of’Korea Land and Housing Corporation’ to’Korea Speculative Housing Corporation’. yunhap news
Currently, Mr. A, a member of LH’s regional headquarters, has not been included in the subject of any civil prosecution or investigation request. The police explained that it was a case found through a follow-up investigation. The police see this as a more critical figure than the key suspect Kang Mo, nicknamed’CEO Kang’ in the alleged speculation of the land. It is said that it served as a key link that took advantage of the internally undisclosed information and handed over to the surrounding area.
According to the police, Mr. A purchased 22 lots of Gwangmyeong land from March 2017 to December 2018 with 36 acquaintances and others. Mr. A also worked at LH’s Gwangmyeong Siheung Business Headquarters during this period. It was found that Mr. A and others intensively purchased the land in Noonsa-dong, Gwangmyeong, which is considered the central area of the 3rd new city.
On the other hand, 15 former and current LH employees, including Mr. Kang, who was first suspicious of speculation by the Participatory Solidarity and the Association of Lawyers for Democratic Society (Minbyun) on the 2nd of last month, bought the land in the new cities of Gwangmyeong and Siheung for the first time since September 2017. By 2020, 28 people have purchased 14 lots in the outskirts of the 3rd new town, including Okgil-dong in Gwangmyeong, Gwarim-dong and Mujinae-dong in Siheung. A police official said, “As far as we have confirmed, Mr. A and his acquaintances were the first to purchase the land in Gwangmyeong New City.”
Police “Mr. A is at the heart of this suspicion”
Members of the Seongnam Residents’ Solidarity are shouting slogans calling for a review of LH’s three illegal campaigns and the origin of the third new town at a press conference called’LH dismantling’ held in front of the Blue House fountain in Jongno-gu, Seoul on the morning of the 30th of last month. News 1
The police suspect that undisclosed internal information has flowed to the outside through Mr. A. A police official said, “Mr. A bought land under the name of acquaintances such as family and friends instead of his name, and there was an opportunity to purchase land, such as development-related matters were confirmed at each point of purchase.”
In addition, it was investigated that Mr. A is directly or indirectly related to the staff of LH Jeonbuk Regional Headquarters, who are suspicious of expedition speculation. It is said that some former and current LH employees who raised allegations of speculation by the Participation Solidarity and Minbyun also received development information from Mr. A. A police official said, “A relatives, relatives and acquaintances, doctors and neighbors in the Jeollabuk-do region bought the land in Gwangmyeong.
Reporter Chae Hye-seon [email protected]
