LH said in an apology, “We apologize for the great shock and disappointment of some employees for the allegations of speculation in the Gwangmyeong Siheung District.” I will proceed as quickly as possible,” he said.
He also added that he will take strict measures if any illegal matters are confirmed. LH promised, “With this incident, we will make a major and powerful innovation within the organization to establish the discipline of public office.”
■ The following is the full text of the apology
Korea Land and Housing Corporation has been shocked and disappointed to the public due to the suspicion of speculation by some employees in Siheung District of Gwangmyeong. I bow my head and apologize.
Despite the fact that KDHC is a public institution that should give hope to people who are suffering from the unrest in the real estate market, we are fully aware of the responsibility for the failure of employees to fulfill their duties as public officials.
In cooperation with the government, we will conduct a thorough investigation of the land transaction status of employees and families of related departments for the entire 3rd new city as quickly as possible, and we will make every effort to find out the facts so that the public does not have any doubts.
If any violations are found, we will take strict measures in accordance with the laws and regulations.
Taking this situation as an opportunity, we will establish the discipline of public service by innovating the internal organization on a large scale and powerfully. We will promptly implement measures to prevent recurrence so as not to cause public resentment again due to speculation suspicion.
We will introduce a system for pre-reporting land transactions for all employees and their families, and conduct a thorough investigation into whether employees and families of related departments own land when promoting new projects.
If unreported or illegal or improper land transactions are confirmed as a result of the investigation, we will impose high penalties such as disadvantages in personnel matters.
I sincerely apologize again for causing concern to the people. In the future, we will be reborn as a trusted Korea Land and Housing Corporation by implementing a housing stability policy without shaking.
/Korea Land and Housing Corporation’s employees dream