Photo = Yonhap News
The moral hazard of LH (Korea Land and Housing Corporation) employees was on the cutting board due to the 3rd new city speculation. This employee has been working as an instructor for land auctions and auctions, using his pseudonym while hiding his real name.
LH held a Disciplinary Personnel Committee on the 11th and announced that it had dismissed Mr. Oh, a member of the Uijeongbu Project Group at the Seoul Regional Headquarters. Mr. Oh was caught working as an instructor for land auction and auction on a paid lecture site related to real estate investment, and has been under internal audit since the end of January. LH explained that through data investigations and in-person investigations, it was confirmed that Oh’s misconduct, such as receipt of compensation through profit-making activities and violation of restrictions on concurrent employment, and proceeded with disciplinary proceedings. Mr. Oh promoted himself as’Korea’s No. 1 Land Lecturer’ and’Land Auction/Auction One Hit (Sales No. 1) Lecturer’. In addition, he was active by hiding his real name on the Internet and using his pen name.
The’Land Basics’ course, which Mr. Oh gave as a lecturer, was a five-month course, and the tuition was 230,000 won. He said, “The start of stable investment is land investment,” he said. “After understanding the land with 18 years of experience in real estate investment companies, we realized a lot of profits and invested in the land.” It was confirmed that Oh’s actual working period was less than 18 years, and his career was also inflated.
LH strictly prohibits concurrent employment in other for-profit activities other than work according to the company rules. When the case of Mr. Oh became known, criticism arose that employees of public corporations encouraged speculation while doing for-profit activities as a side job. LH said, “I will thoroughly investigate and punish employees who have committed misconduct that does not fit the duty of public officials, according to the principle of zero tolerance.”
Reporter Choi Jin-seok [email protected]
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