Nonghyup audit and joint purchase of LH employees… “Loan Process Survey”

Following the prime minister yesterday (11th), today the deputy prime minister of the economy repeatedly emphasized real estate crime and war. Deputy Prime Minister Hong Nam-ki said that in the future, he will not even attempt to speculate, and he will not only find out and punish those who speculate, but also make a system that collects unfair profits beyond what he has taken. In addition, LH employees were asked to investigate whether there were any problems in the process of obtaining loans to buy land in the new city. This is because the circumstances are coming out one by one.

Reporter Kim Jung-woo reported this.

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2,600㎡ of land in Maehwa-dong, Siheung-si, Gyeonggi-do, with six round-trip lanes.

It is right next to the planned site of Gwangmyeong and Siheung new towns announced last month. Four people, including LH employee Kang Mo, who are suspected of speculating in various places in Gwangmyeong and Siheung, made a joint purchase last January for 1.6 billion won.

One out of three people who bought the land with Mr. Kang was confirmed as Mr. Im Mo, a non-executive auditor of the Gwacheon Nonghyup.

[시흥시 주민 : 과천농협에서 왔다 갔어요. 농협에서 매매하기 전에 대출을 해주려고 그랬는지 왔다 가서 조사를 하더라고요.]

All four people who bought the land received loans over half of the total land price from Gwacheon Nonghyup, where Mr. Lim is a thank-you.

Since the nonghyup branch, which is a 1-minute walk away, was used 30 minutes by car, suspicion may arise in the lending process, but the Nonghyup denied its relevance.

[농협 관계자 : 비상임 감사는 1년에 2번 정도밖에 안 오고 무보수 명예직으로 하는 사람이거든요. (대출에) 큰 문제는 없어요.]

LH employees’ purchase of land in Gwangmyeong and Siheung was also possible because the North Siheung Nonghyup allowed a large loan.

In the case of North Siheung Nonghyup, the total loan amount, which was less than 540 billion won until 2017, has soared to 755 billion won last year.

In particular, due to the fact that the amount of loans increased significantly in 2019 and last year, there are even suspicions that there was an unfair collusion related to speculation.

The Financial Supervisory Service is scheduled to investigate whether there have been any problems with the lending process in alleged speculation cases in accordance with Deputy Prime Minister Hong’s instructions.

(Video editing: Commissioner Yang, VJ: Jung Min-gu)

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