It was revealed that the mother-in-law of former Prosecutor General Yoon Seok-yeol, who emerged as the influential ruler, received 13.2 billion won in land compensation for land speculation in the Asan New City, and earned a profit of 10.2 billion won.
23 days <오마이뉴스>Looking at the account details of Choheung Bank’s bankbook, Choi Eun-soon, the mother-in-law of former President Yun, obtained from 2004 to 2005, Choi received a total of 13.23581 million won in land compensation from the Korea National Housing Corporation and Korea Expressway Corporation from 2004 to 2005. This land was purchased through an auction in 2001 for 3,010 million won. It left a profit of 10.2 billion won in about three years.
<오마이뉴스>On the 24th, he tried to make several phone calls to hear Choi’s explanation, but he could not reach them. Questions about tax issues such as the process of purchasing the land in Asan New City and the transfer tax were put in text.
Choi made money by operating hotels and rest areas along the Bukhan River, and based on this, actively invested in real estate and accumulated wealth. By purchasing the land of Ogeum Sports Plaza in Songpa-gu, Seoul and Dochon-dong, Seongnam-si, Gyeonggi-do, they earned KRW 5.3 billion and KRW 9.1 billion, respectively.
Korea National Housing Corporation, which paid most of the land compensation to Choi, is the predecessor of LH (Korea Land and Housing Corporation). In October 2009, during the Lee Myung-bak administration, Korea National Housing Corporation and Korea Land Corporation merged to establish LH.
3 billion won auction in 2001… Land compensation 13.2 billion won after 3 years
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| ▲ According to the request for registration of the Cheonan Branch of the Daejeon District Court, Choi Eun-soon, the mother-in-law of former Prosecutor General Yoon Seok-yeol, won a bid for the land of the Asan New Town in 2001 at an auction. | |
| Ⓒ Youngsik Koo |
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According to Choi’s bankbook transaction statement of Choheung Bank (occurred on July 21, 2005), Korea National Housing Corporation paid 13,2982,1780 won on July 29 and November 25, 2004, and the Korea Expressway Corporation was about On June 20, 2005, a year later, 15996,000 won was remitted to Choi.
In this way, the total amount of money that Choi received remittance from Korea National Housing Corporation and Korea Expressway Corporation amounted to 13,358,177,80 won. This was the compensation money for the land of Asan New Town that Mr. Choi bought three years ago.
<오마이뉴스>According to the registration request form obtained by Cheonan Branch of the Daejeon District Court, Choi received a successful bid for the land for 3,110 million won through a voluntary auction on May 10, 2001, three years before receiving the land compensation.
The land for which Mr. Choi won the bid was the site of a factory with a scale of 5,2921m2 (about 16,037 pyeong) in the area of Jangjae-ri, Baebang-myeon, Asan-si (including roads). This land was later adopted as the land for the Asan New Town, and the Korea National Housing Corporation developed Humansia and LH Happy Housing.
This means that the land was sold for 3 billion won, and the price of the land rose significantly due to the development of the Asan New Town.
In 2001, when the land of Asan New City was auctioned off, the publicly announced land price of Jangjae-ri in Baebang-myeon was 9,800 won per square meter, and in 2004, when the land was sold to Korea National Housing Corporation and Korea Expressway Corporation, the officially announced land price was 232,000 won per square meter.
The Asan new city, which was conceived since 1991, during the Roh Tae-woo administration, is the second regional new city developed in Buldang-dong and Baekseok-dong, Seobuk-gu, Asan-gun, Tangjeong-myeon, and Baebang-eup Jangjae-ri, Segyo-ri, and Yujeong-ri. It was developed by dividing into the first stage distribution zone and the second stage Tangjeong district, and plants of Samsung Electronics, Samsung Display, and Samsung Corning were built nearby.
Choi Eun-soon “Put taxable pride and cut a billion billion won to 5.3 billion…”
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| ▲ Eun-soon Choi, the mother-in-law of the Prosecutor General Yoon Seok-yeol. The photo was published in the 2009 Chung-Ang University Graduate School of Social Development Alumni Association. | |
| Ⓒ Youngsik Koo |
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Meanwhile, Choi seems to have had to pay more than 5 billion won in taxes, including transfer tax, after receiving the land compensation for Asan Sindoji.
<오마이뉴스>According to the transcripts obtained by Mr. Choi in July 2008, in a meeting with his helper, Kim Chung-sik, “I put a taxable pride because of the wrong taxation. “If it is overdue (up to), it will reach 6 billion (to reach),” he said. In connection with the payment of the transfer tax on the land compensation for the Asan New City, it is said that he received a reduction of about 1 billion won by applying for a taxable pride, claiming that there are a lot of taxes calculated by the National Tax Service.
It is not confirmed whether Choi normally paid taxes such as transfer tax on land compensation in Asan New City at the time. The National Tax Service received tax evasion reports in 2014, but did not investigate due to’lack of evidence’.
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| ▲ In July 2008, Mr. Choi Eun-soon, the mother-in-law of the former Prosecutor General Yoon Seok-yeol, talked about tax payment issues such as the transfer tax on land compensation in the Asan New City at a meeting with his assistant Kim Choong-sik. | |
| Ⓒ Youngsik Koo |
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