LH employee land speculation aftermath… Local government that conducts thorough investigation of all development areas

A banner condemning the LH Corporation is hanging in the area around Gwarim-dong, Siheung-si, Gyeonggi-do.  News 1

A banner condemning the LH Corporation is hanging in the area around Gwarim-dong, Siheung-si, Gyeonggi-do. News 1

The aftermath of suspicion of site speculation by Korea Land and Housing Corporation (LH) employees of the 3rd new city site speculation is expanding to all development areas. Gyeonggi-do and others conducted a thorough survey on large-scale development sites in each region.

Yongin-si Platform City SK semiconductor cluster site total survey

According to each local government on the 7th, Yongin City will block speculative forces on the platform city site (275,7186㎡) in the area of ​​Baodang, Mabuk, and Singal-dong in Giheung-gu and the SK semiconductor cluster site (60.1㎢) in Wonsam-myeon, Cheoin-gu.

As a result of monitoring the current status of platform city land transactions from May 2019 to January this year, 65 land equity transactions were investigated for which the purpose of compensation for large land (a method of compensation with land instead of cash) was suspected. 46 cases intensively occurred during the three months of the platform city public announcement date (before July 1, 2020).
Yongin City has decided to adjust the volume of countermeasures and establish detailed standards in the second half of this year to block speculative forces and prevent damage to local residents.

Yongin platform city development project land use plan.  yunhap news

Yongin platform city development project land use plan. yunhap news

In the survey related to the SK semiconductor cluster site, it was not confirmed that the employees of the related department owned the land on the project site. However, Yongin City plans to expand the survey targets to all employees and families of City Hall and Yongin City Corporation to conduct a thorough investigation. If violations are confirmed, we plan to take strong measures, such as requesting investigation and prosecution.

Total investigation of all development sites in Gyeonggi-do and Gwangmyeong-si

Gwangmyeong City, where LH employees are investigating whether public officials in Gwangmyeong and Siheung districts, which have been controversial due to speculation, is conducting a thorough investigation on other development sites. These include the Siheung-Gwangmyeong Techno Valley Industrial Complex and Public Housing Project, the Haan 2 Public Housing District Project, the Gwangmyeong Cave Cultural Complex Development Project, and the Cloud Mountain District Development Project.
Gwangmyeong Mayor Park Seung-won revealed this plan to his social network service (SNS) and asked “the government and Gyeonggi Province to investigate the actual conditions of LH and Gyeonggi Housing and Urban Corporation (GH) in these regions.”

Previously, Gyeonggi Province announced plans to conduct a thorough investigation into six areas, including the Yongin Platform City, which GH owns 95% of the shares, Pyeongtaek Hyeondeok district, Gwangmyeong Hakon, Seongnam Geumto, Anyang Gwanyang High School, and Anyang Indeokwon, and the neighboring areas of the planned development district.
Among the 3rd new towns, the government decided to cooperate with the government investigation for Wangsuk in Namyangju, Gyosan Hanam, Changneung in Goyang, the general manager of Bucheon, and Siheung in Gwangmyeong, as well as Gwacheon, Gwacheon and Ansan, which are residential sites of over 1 million square meters.

Meanwhile, the Judicial Examination Preparatory Group (Junmo Sa) conducted a national investigation by the National Police Agency on charges of violating the Special Public Housing Act and the use of secrets in business under the Anti-Corruption Rights Act. He filed a complaint with the headquarters (guksubon).

Reporter Choi Moran [email protected]


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