Hong Nam-ki (third from right), Deputy Prime Minister of Economy and Minister of Strategy and Finance, announced a’words to the public’ related to real estate at the Seoul Government Complex Sejong-daero, Jongno-gu, Seoul on the morning of the 7th and bowed his head to apologize. From left, Kim Dae-ji, head of the National Tax Service, Gu Yoon-cheol, head of the Office for Government Affairs Coordination, Hong, Vice Prime Minister Byun Chang-heum, Minister of Land, Infrastructure and Transport, and Lee Jae-young, Vice Minister of the Ministry of Public Administration and Security. News 1
As a countermeasure to prevent recurrence, the government, surprised by the ripples of land speculation in the new city of Korea Land and Housing Corporation (LH) employees, proposed a plan to introduce a’real estate registration system’ for employees of departments and public institutions related to land development and housing work. If speculation of real estate related to the new city is confirmed in the ongoing investigation, the company plans to collect unfair profits through an investigation request. The ‘2·4 supply plan’, which was severely hurt by the driving force, said, “We will proceed on schedule.”
“Land and housing workers also report real estate like high-ranking officials”
On the 7th, Deputy Prime Minister of Economy and Ministry of Strategy and Finance Hong Nam-ki held a meeting of ministers related to the real estate market and released a’word to the public’.
Regarding allegations of speculation by LH employees, Deputy Prime Minister Hong said, “We will systematically prepare measures to prevent recurrence” and “we will consider introducing a regular monitoring system such as real estate registration system for internal control.”
The real estate registration system is the idea that a system similar to the property reporting system for public officials, which is applied to senior public officials of level 4 or higher, is also applied to departments related to land development and housing affairs, and to employees of public institutions. When the registration system is implemented, it is necessary to report the status of real estate holdings or transactions to the government at regular intervals. In addition, the government plans to restrict land transactions by related employees in principle, and report unavoidable transactions.
Not only the employees who have already raised suspicions, but also plans to take disciplinary action and request investigations on all real estate speculation by LH employees identified in the thorough investigation. It is a policy to collect the unfairly gained gains through this, reflect it in the management evaluation of public institutions in the future, and hold the institution to account for it.
After finishing the’Word to the Public’ on real estate held at the Seoul Government Complex in Jongno-gu, Seoul on the 7th, Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance and Minister of Land, Infrastructure and Transport, Byeon Chang-heum, are leaving the briefing room. News 1
I bowed my head three times… “There is no retreat for the 2nd and 4th measures”
Deputy Prime Minister Hong emphasized, “If the public sector loses trust, the trust in policies can be shaken,” and “slicing out things to cut out even if they are in pain is the minimum principle and duty to count the hearts of the wounded people.” “I am deeply sorry for my regret.” He bowed his head three times during the briefing and expressed his apology.
However, the ‘2·4 housing supply plan’ is planned to be carried out on schedule without shaking. Although suspicion of speculation arose, but if the policy is reversed, market unrest will rise again and the public’s trust will be lost.
Deputy Prime Minister Hong said, “I am sorry and afraid that this incident will undermine the policy will and authenticity of the government, which has been devoting all its policy capabilities to stabilize the real estate market.” I will proceed consistently without it.”
In this month, the candidates for the 2nd and 4th supply measures and the 2nd public redevelopment candidates announced in the 8th and 4th measures are planned to be released. In April, the location of the second new public housing site will be announced. In June, it is scheduled to recruit tenants for public jeonse housing, which was newly introduced in the measures for November last year, and in July, pre-subscription to the third new city is scheduled. Candidates for the urban public housing complex project are also planned to be announced within the year.
Deputy Prime Minister Hong added, “I will thoroughly check and take care of all these processes until my faith in expanding housing supply is firmly established.”
Sejong = Park Se-in reporter [email protected]
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