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| The main gate of Korea Land and Housing Corporation (LH) headquarters in Chungmu-gong-dong, Jinju-si, Gyeongnam. /News1 © News1 |
On the 29th, measures to eradicate illegal real estate speculation and prevent recurrence in relation to the land dumping of new cities by employees of Korea Land and Housing Corporation (LH) will come out on the 29th.
According to relevant ministries, the government will hold an emergency anti-corruption policy council at the Blue House on the morning of this day, presided over by President Moon Jae-in, to discuss measures to eradicate real estate speculation and prevent recurrence, and to respond to cross-ministerial countermeasures against corruption in real estate.
Government officials reported to the Anti-Corruption Policy Council on the 29th after last discussing measures to eradicate real estate speculation prepared by the Task Force (TF) for Countermeasures Against Real Estate Speculation and Recurrence of Real Estate Speculation, which was launched earlier this month. I know it is going to be,” he said.
As the LH crisis that triggered public sentiment divorced, the approval rating fell to the lowest level after taking office, and President Moon is taking measures directly. Considering the situation where the expressions “real estate redemption liquidation” and “balbonsaekwon” were even apologized to the public, it was a somewhat predicted procedure.
The results of the Anti-Corruption Council, headed by the countermeasures to eradicate speculation, discussed on the day, will be directly announced by Prime Minister Jeong Sye-gyun in the afternoon. Ministers of related ministries such as Ministry of Justice, Ministry of Public Administration and Security, Ministry of Land, Infrastructure and Transport, Finance Committee, and Rights and Interest Committee, as well as Minister of Finance and Economy Hong Nam-ki, will be present at this meeting.
Measures include the entire process of prevention, detection, punishment, and redemption to eradicate illegal real estate activities. It is a preventive policy that prevents speculation from being attempted in the first place, a system that must be detected if an attempt is made, a worker punishment is eliminated once it is caught, and unfair gains are recovered more than that.
Specifically, the scope of mandatory property registration for public officials based on public officials of level 4 or higher will be expanded to include not only LH employees, but also those who work on real estate. It is expected that there will be a plan to redeem 5 times.
Deputy Prime Minister Hong Nam-ki said at the 18th meeting of ministers related to the real estate market inspection held on the 26th, “This time, we are preparing a fundamental measure with the determination to eradicate the typical illegal, expedient, and unfair speculation in the real estate market.” “We will impose much stricter standards and responsibilities on this.”
It is known that, along with measures to eradicate speculation, measures to supply real estate will be discussed together. The results of the selection of the second public redevelopment candidate site according to the 5.6 measure last year and the first city center project candidate for the site proposed by local governments related to the 2.4 measure this year are expected to be disclosed. However, there is a possibility that the release period will be delayed by about a day.
Deputy Prime Minister Hong said, “Apart from the LH incident, it is the government’s very consistent position to shorten the time of supply of housing by one day through follow-up measures for supply measures without disruption. If the real estate policy is shaken, it will damage all of us. We will pursue measures,” he said.