“LH employees involved in speculation, negotiated transfers cannot receive housing”

(Sejong = Yonhap News) Reporter Yoon Jong-seok = It is expected that LH employees who are suspected of speculation in Siheung, Gwangmyeong will not receive proper compensation here.

Minister of Land, Infrastructure and Transport Byun Chang-heum said in the National Assembly’s National Land Transportation Committee’s pending report on the 9th, when Rep. Song Eon-suk pointed out the problem of receiving negotiated transferable land for LH employees invested in Siheung, Gwangmyeong It is quite possible to exclude the back.”

Response by Minister of Land, Infrastructure and Transport by Byeon Chang-heum
Response by Minister of Land, Infrastructure and Transport by Byeon Chang-heum

(Seoul = Yonhap News) Reporter Ha Sa-heon = Minister of Land, Infrastructure and Transport Byun Chang-heum, responding to a question of a member of the National Land, Infrastructure and Transport Commission at the National Assembly in Yeouido, Seoul on the afternoon of the 9th. 2021.3.9
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LH CEO Jang Choong-mo also said, “If it is determined that the current bylaws had the purpose of speculation, the provision of housing land can be excluded at the discretion of the implementer.”

Hyeop-eui-transferred land is a detached housing site that is given priority when a landlord with 1,000m2 of land actively pays for land compensation.

Migrant residential land is a commercial housing land supplied to the natives who had their homes.

Some LH employees who have invested in Siheung, Gwangmyeong divide their shares into 1,000 square meters, and are suspicious that they set their stakes aiming at meeting the requirements for a housing site application, which is a negotiated transfer.

Rep. Song said, “They originally had 3 lots of 5,000 square meters, and then divided them into 5 lots of 1,000 square meters through handwriting and chalk.” It was revised, but they questioned, “Isn’t they doing such a splitting of shares in order to get the right to sell apartments after knowing about the revision information of these laws?”

In response, Minister Byeon said, “If you know about the revision of internal laws and make investments, it will be a serious problem.”

Rep. Song insisted that “the negotiated transferable land or immigrant home should be supplied only to indigenous peoples, and foreigners should be excluded.” Minister Byeon also replied “a good opinion”.

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