The day I apologized for “sense of responsibility”
Remarks “It would not have been bought after knowing development information
Minister of Land, Infrastructure and Transport Byun Chang-heum is heading to the conference room of the Democratic Party’s party representative in Yeouido, Seoul on the morning of the 5th to meet with Lee Nak-yeon, the Democratic Party’s representative, regarding the alleged speculation of land in the Gwangmyeong and Siheung new cities of the Korea Land and Housing Corporation (LH) employees. yunhap news
Minister of Land, Infrastructure and Transport Byeon Chang-heum made a controversy over the allegations of preliminary speculation of new cities in Gwangmyeong and Siheung by employees of Korea Land and Housing Corporation, with the intention of “not speculation with the designation of a new city in mind”. While typical speculation techniques such as buying farmland with hundreds of millions of dollars in loans and planting seedlings in winter are revealed, it is pointed out that the minister in charge is not comfortable with it. Cultural Broadcasting (MBC) reported on the 4th, “I didn’t know about development information… Minister Byeon said, “I don’t think I bought the land in advance because I knew the development information.” I bought it because I knew it would not be possible to develop a new city, but I think it was suddenly designated as a new city.” In addition, Minister Byeon said, “It is stupid to buy land in a new city that is fully accepted”, “There is no merit because it is purchased as a connoisseur of (land)”, “I think that there is a high possibility that the land will be purchased because it will be developed in the private sector after 2025. It was also reported that he said such words. It turns out that the ministers in charge have an opinion that the act of purchasing the land in the new cities of Gwangmyeong and Siheung may not be an’illegal act’ that they obtained by knowing the development information in advance. The day Minister Byeon made the remarks was the day when he apologized, saying, “I take full responsibility for it,” at a press conference. Moreover, the time when the employees, who were suspicious of pre-speculation, bought the land was concentrated at the time when Minister Byeon took office as president of LH, and thus, the’responsibility theory’ is emerging. This perception is based on the fact that LH employees in question bought land with billions of billions of loans, and that they show typical speculation techniques in the land to be developed, such as splitting shares or planting seedlings in winter. It shows a big gap. One land investment expert said, “I don’t know if it’s a forest or road, because the answer is that you can buy it for the purpose of farming, so equity trading is not a common form.” As the controversy grew, Minister Byeon sent a text message to reporters on this afternoon, saying, “Although real estate speculation by executives and employees of public companies that develop land publicly for any reason is unacceptable, LH employees speculation by explaining the reasons for speculation. The point that came to appear as if the act was dumb is that I am not aware of it.” Minister Byeon said, “From now on, employees of the Ministry of Land, Infrastructure and Transport, local governments, LH and local public corporations will never forgive real estate transactions for speculative purposes regardless of reasons or profits. I will do it,” he said, “I plan to work faithfully in the investigation, and all employees, including myself, have submitted consent to collect information on land ownership, except for cases in unavoidable circumstances such as business trips. The Ministry of Land, Infrastructure and Transport also distributed photos of Minister Byeon’s personal information use consent form this afternoon. By Jin Myung-sun, staff reporter [email protected]