Why did Park Hyeong-jun buy his son’s apartment for more money?

The suspicion is not resolved as it is revealed that the L-City (LCT) apartment in the name of the wife of Busan Mayor Park Hyeong-jun paid more than her son.

This fact was reported by SBS. SBS on the evening of the 18th 8 News'[단독] When I obtained the contract for the sale of the apartment from “The former owner of Park Hyung-jun’s wife, the son”, it appears that Park’s wife, Jo Amugae, paid 100 million won over Choi Amugae. Choi, born in 81, was the son of Jo and his ex-husband. Reported. SBS broadcasted that on the day of the first subscription on October 28, 2015, Choi paid 2,22 billion won to Lee Amugae, who had the right to sell, and gave 7 million won in excess of money. SBS said that on the same day, Cho’s daughter, Choi Amugae, bought the apartment just below the mother’s apartment for 5 million won from the first seller, and that the two LCT apartments became the names of Jo’s son and daughter on the same day. They told them that the first buyers who handed over the apartment for only 5~7 million won were not confirmed.

An official at Candidate Park admitted the fact and explained that on the day of the first subscription in October 2015, there were few contractors, so there was an atmosphere of selling only for a little more, SBS said. According to this broadcast, Cho’s son was not able to pay the balance of the apartment, so he tried to sell it all over the place, but in the end, his mother explained that he bought it.

When such a report came out, Candidate Park volunteered for a press conference to explain. Yonhap News said at a press conference that day, Candidate Park said, “The first person to be sold was an aunt born in 65, and his son bought the right to sell for real estate introduction, and the premium was not high at the time because it was low-rise.” “In 2019, his son’s real estate was not sold. He said, “I cannot afford to move in, so I have to lose the down payment and interest, so my mother took over the house ahead of the last deadline.”

Candidate Park continued, “I bought it for a premium of 100 million won, which was set by the real estate at the time, and my son paid all the transfer taxes.” The media reported that it was emphasized. Candidate Park explained that he did not announce to whom he bought the apartment because he thought it was unnecessary to reveal his family story.

▲SBS reported on the evening news 8 news on the 18th that it had bought an L City apartment for Busan Mayor Park Hyeong-jun, the power of the people, from her son.  Photo = SBS News Capture
▲SBS reported on the evening news 8 news on the 18th that it had bought an L City apartment for Busan Mayor Park Hyeong-jun, the power of the people, from her son. Photo = SBS News Capture

With this, the Democratic Party also raised additional suspicions, refuting that it was difficult to understand the explanation. In addition, Congressman Kyeong-tae Jang, who is in charge of the Special Committee for the investigation of indigenous corruption in the Democratic Party of Busan, and Park Seong-hyun, spokesman for Seondae-wi, said at a press conference, “Candidate Hyung-jun Park is misleading the citizens and citizens of Busan with their essence blurred. It was a red lie.”

Spokesman Park urged, “We must clearly clarify how Candidate Hyung-Jun Park’s son and daughter were able to own the right to pre-sale on the first day of the contract on October 28, 2015. Spokesman Park responded to Candidate Park’s clarification that’it was put on real estate for four months, but the spouse took over it,’ “According to the actual transaction price system of the Ministry of Land, Infrastructure and Transport, The goods were traded at a premium of more than 100 million,” he refuted.

Above all, some doubts were raised about why he gave more than 100 million won to his son, and why he hid it. Democratic Party candidate Kim Young-chun asked at an emergency press conference that day, “Why did you give more than 100 million won to your wife’s son? Is it making sense to give more than 100 million won between parents and children to buy the right to sell?” Candidate Kim inquired about why he hid the fact that he had bought it from his son from the beginning, and what was the story he could not tell.

Choi In-ho, together with the Democratic Party’s chief spokesman, also pointed out that it was “inadequate explanation” for Park’s clarification that’the first person sold to son and daughter was not related to L City’ at a written briefing. Chief spokesman Choi suspected that “the intent to avoid the suspicion is that the wording of’trading between family members’ to’normal transaction’ is inevitable.”

▲ Candidate Hyung-joon Park, Mayor of Busan, the morning of the 19th, holds a press conference in the briefing room of the candidate's office in Busanjin-gu, Busan, and gives an explanation regarding the purchase of an L City apartment.  ⒸYonhap News
▲ Candidate Hyung-joon Park, Mayor of Busan, the morning of the 19th, holds a press conference in the briefing room of the candidate’s office in Busanjin-gu, Busan, and gives an explanation regarding the purchase of an L City apartment. ⒸYonhap News

Regarding the claim that Candidate Park has been homeless for a while, Spokesman Park Sung-Hyun said at a press conference, “Candidate Hyeong-joon Park claims to have been homeless for a while. It means that he was actually living in the gallery, but it should be revealed whether he lived with a jeonse or a monthly rent in a neighborhood living facility.”

Rep. Jang Kyung-tae also said, “There is a suspicious flow of funds to the real estate of the Park Hyung-jun family.” “When L-City was approved for completion, ‘1.08 billion won’ was loaned in 2019. Where did this money go to?” he asked.

Candidate Park is in a position that most of the allegations and claims made by the Democratic Party are false and will take legal action. In response to the media today’s inquiry on the media today’s question about the opinions of the Democratic Party’s additional suspicion, a camp official said, “Most of the questions are unilateral claims of the Democratic Party and false facts.” In the future, we will disclose the facts by revealing our position or responding to wrong facts through legal countermeasures.”

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