[2020 National Audit] Lee Gang-seop, Chief of the Legislation Office, Responds to '5 Billion Won Real Estate' Criticism: "I Will Leave It to the Public's Judgment"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] Lee Kang-seop, head of the Ministry of Government Legislation, stated that there is no issue regarding the opposition party's allegation that he owns real estate assets worth over 5 billion won.

On the 8th, during the National Assembly inspection by the Legislation and Judiciary Committee, when Rep. Jo Su-jin of the People Power Party asked about his real estate assets, Lee explained, "I own an apartment purchased 18 years ago for actual residence, and my father-in-law gifted three commercial properties to my wife and daughter 20 years ago," adding, "I did not invest separately."

According to Lee's asset declaration published in this year's official gazette, Lee, his wife, and children own real estate worth over 5 billion won, including an apartment in Gaepo-dong, Gangnam, Seoul, and commercial properties in Yeoksam-dong.

When Rep. Jo asked, "If you own only one residential property, is it not a problem to own commercial buildings or other properties?" Lee responded, "It should be left to the judgment of those who receive it."

In response, Rep. Kim Yong-min of the Democratic Party inquired, "Have you ever falsely declared assets or engaged in real estate speculation during asset formation?" Lee answered, "Not at all." When asked if he had done anything to warrant moral criticism, he said, "I do not think so."

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