Established the first’details on the prohibition of speculation by public officials’ among the nationwide attempt
Lee Jae-myeong “Prohibition of housing rental business for senior public officials” Gathered public opinion
Jae-myung Lee, Governor of Gyeonggi Province.
Following the recommendation of high-ranking public officials to sell multi-homes, Gyeonggi Province decided to ban investment in stocks and real estates using information acquired by public officials for the first time in the country. Gyeonggi Province Governor Lee Jae-myeong began to collect public opinion to prevent high-ranking officials from renting housing. On the 4th, Gyeonggi Province prepared the’Operational Rules for the Code of Conduct for Public Officials in Gyeonggi-do’ for the first time as a metropolitan government to prevent government officials from speculating on real estate and perform their duties fairly. The bylaws specifically specified the scope of the restricted information, the target audience, and the time limit in relation to the restriction on transactions using job-related information specified in the Gyeonggi-do Code of Conduct for Public Officials. Accordingly, public officials who were in charge of or dealt with information on which transactions are restricted in the future, make transactions or investments in property such as securities and real estate using the information within two years from the date of termination, or provide them to others to assist in estimated transactions or investments. Any action is prohibited. On this day, Governor Lee began to collect opinions from citizens on the ban on the housing rental business of public officials, saying, “High-ranking public officials who have an influence on real estate prices should stop the housing rental business.” Governor Lee said on Facebook that day, “If speculation about making money without working is rampant, the country will fall. “Shall we let even high-ranking officials who have an influence on real estate prices go to real estate speculation in a situation where the whole people are driven into speculators who are chasing lottery sales and speculation profits?” Gyeonggi-do previously reflected on the availability of multi-household housing in addition to the actual housing in a regular personnel affairs for senior public officials, such as vice-government heads of level 4 or higher in Gyeonggi-do, and directors of offices and bureaus. Governor Lee said, “Even if there are deductible factors such as the presence of multiple houses, it is a principle to promote promotion if there is a performance that can offset them. However, there was no such case in this greeting.” When Gyeonggi Province unveiled a recommendation for public officials to sell multi-households in addition to their actual residences and reflecting personnel, the number of multi-homed persons among high-ranking public officials of level 4 or higher has decreased by 42.4% from 132 to 76 at present. By Hong Yong-deok, staff reporter [email protected]