Gwak Sang-do: "Yoon Mi-hyang, Selling House for Apartment Auction? A Lie That Will Be Exposed Soon"

Gwak Sang-do, member of the United Future Party. [Image source=Yonhap News]

[Asia Economy Reporter Heo Midam] Amid controversy over the source of funds for apartment purchase by Yoon Mee-hyang, elected proportional representative of the Democratic Party of Korea (former director of the Justice and Memory Foundation), Gwak Sang-do, a member of the United Future Party, criticized Yoon's explanation on the 18th, calling it a "lie that will soon be exposed."

In a press release that day, Rep. Gwak said, "Yoon purchased the apartment through an auction on April 26, 2012, paying 226 million KRW in cash. When asked to clarify the source of funds for the auction payment, Yoon explained in a media interview that 'I sold the apartment I previously lived in to buy the apartment I am currently living in through the auction.'"

He added, "Upon verifying the facts by checking the registration of the previously lived apartment, it was revealed that it was sold on January 7, 2013, which clearly shows that the apartment was acquired through funds other than the proceeds from the sale of the previous apartment," and stated, "The apartment currently lived in was won at auction on March 29, 2012."

He continued, "Although it has been revealed that donations were received through three personal accounts of Yoon, the transaction details of these personal accounts have not been transparently disclosed to the public," and criticized, "When asked to disclose the source of funds for acquiring individual property (real estate), Yoon is trying to evade with lies that will soon be exposed."

He further said, "If it was difficult to prepare funds for the children's study abroad in the U.S., Yoon would have borrowed money from a bank using owned real estate as collateral, but since there is no record of financial transactions using owned real estate as collateral, it appears that cash and other funds were abundant," and added, "The use of donations received through personal accounts is inevitably suspicious."

Earlier, regarding the suspicion over the source of funds for purchasing the apartment currently lived in, Yoon explained in an interview with CBS Radio's 'Kim Hyun-jung's News Show' on the same day, "To buy the apartment I am currently living in through auction, I sold the apartment I previously lived in," and stated, "At that time, I even have the receipt for the apartment sale."

This content was produced with the assistance of AI translation services.