The Korea Land and Housing Corporation (LH) announced on the 4th that it will introduce a land transaction prior notification system for all employees and their families to prevent speculation by some employees.
Provided by Korea Land and Housing Corporation
In announcing the apology to the public on the day, LH said, “Even though it is a public institution that should give hope to the people suffering from the unrest in the real estate market, we are fully aware of the responsibility for the failure of employees to keep their duties as public officials.” LH said, “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 town as quickly as possible and make every effort to find out the facts.”
He also emphasized that if any illegal matters are revealed, they will take strict measures in accordance with the laws and regulations. LH said, “If any illegal matter is confirmed, we will take strict measures according to the laws and regulations.” “I said.
Subsequently, LH said, “If the results of the investigation reveal that unreported or illegal or unfair land transactions are confirmed, we will impose high penalties such as disadvantages in personnel matters.”
LH President Jang Choong-mo said, “We will quickly implement measures to prevent recurrence and to be reborn as a trusted LH by carrying out unshakable housing stability policies so that we will never again disappoint the public with such suspicion.”
