
Some of the employees of the Korea Land and Housing Corporation (LH) were allegedly excluded from work as a suspicion was raised that they purchased land for speculation in the region before designation as a new city in Gwangmyeong and Siheung, Gyeonggi Province. The photo shows seedlings planted in a field in Gwarim-dong, Siheung-si, Gyeonggi-do, on the afternoon of the 3rd. yunhap news
“Is there a law that says LH employees shouldn’t invest in real estate?”
Amid suspicion that about 10 employees of Korea Land and Housing Corporation (LH) purchased land for speculation in the area before designation as a new city in Gwangmyeong and Siheung, Gyeonggi-do Are buying.
According to the blinds on the 4th, some LH employees responded to the post related to’LH illegal speculation suspicion’. “Is there a law not to invest in real estate,” said A. “It is a matter to be judged by the court or the prosecution whether the investment was made using internal information to be illegal or based on what he studied.”

Korea Land and Housing Corporation (LH) Seoul Regional Headquarters. News 1

Graphic = Reporter Kim Young-ok [email protected]
“Are there any public officials who lived in the land of Gwangmyeong?”
Employee B said, “Out of 10,000 employees, the people who bought the land in Gwangmyeong may have been caught, but it is noisy as if they have unconditionally abused internal information.” “Is there not?
C staff pointed out, “Isn’t it the planning real estate that employees bought a parcel as a shared stake?”
![[블라인드 캡처]](https://i0.wp.com/pds.joins.com/news/component/htmlphoto_mmdata/202103/04/569dc4b7-7436-493f-a76e-40d0b541b512.jpg?w=560&ssl=1)
[블라인드 캡처]
Netizens “Declining trust to government”… National petition map
In response to these reactions of LH employees, netizens said, “The blinds are mostly young employees, but the LH group has rotted from top to bottom.” Just by having it, the credibility of public institutions declined, and the government’s propulsion method also declined.”
On the Cheongwadae public petition bulletin board, a petition titled’LH executives and staff members strongly request the state administration for allegations of speculation in the new city of Gwangmyeong, Siheung,’ and as of 0 o’clock on the 4th, 3,100 people have received consent.
Cheong Won-in said, “I have believed in the war against speculation by looking only at the 3rd new town and homelessness, but it’s really collapsed.” .
![[청와대 국민청원 캡처]](https://i0.wp.com/pds.joins.com/news/component/htmlphoto_mmdata/202103/04/2be807b1-0b7d-4e22-9b60-f997f920c4b0.jpg?w=560&ssl=1)
[청와대 국민청원 캡처]

President Moon Jae-in. News 1
Police investigation… ‘Government investigation team’ launched today
Meanwhile, on the 2nd, a controversy began when an association of lawyers for the solidarity of participation and a democratic society (Minbyun) raised a suspicion of speculation of land for LH employees. It is said that 10 LH employees bought 7,000 pyeong of land in Gwangmyeong and Siheung new towns in Gyeonggi Province, which was announced as a new public housing site last month, with about 10 billion won before designation as a new city.
In particular, it was revealed that 9 out of 10 land purchases by LH employees took place between April 2019 and December 2020, when Byeon Chang-heum’s LH president was in office. Minister Byeon said to the heads of subsidiaries without apology on this day to “settle a clean organizational culture,” and was criticized by some for the “fluid escape method”.
The Anti-Corruption Economic Crime Investigation Unit of the Gyeonggi Southern Police Agency announced on the 3rd that it received an accusation against 14 LH employees and their spouses and families and initiated an investigation.
President Moon Jae-in also ordered a thorough investigation into the land transactions of new city officials and their families for the entire 3rd new city, and the government joint investigation team will be launched from the 4th.
Reporter Go Seok-hyun [email protected]