Prime Minister Jeong Sye-gyun on LH Employees' New Land Speculation Allegations: "Request Investigation if Necessary"
[Asia Economy Reporter Son Sunhee] Prime Minister Chung Sye-kyun urgently instructed the Ministry of Land, Infrastructure and Transport, the relevant authority, on the 2nd to "take thorough measures such as requesting an investigation if necessary" regarding allegations of speculation by some employees of Korea Land and Housing Corporation (LH) in the Gwangmyeong-Siheung district, the Office for Government Policy Coordination announced. The suspicion is that they engaged in pre-speculation by abusing undisclosed information even before the government announced new housing site candidates.
On the afternoon of the same day, the Office for Government Policy Coordination stated in a press release that Prime Minister Chung ordered the Ministry of Land, Infrastructure and Transport to promptly investigate the facts concerning the area.
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Prime Minister Chung also added, "Confirm whether there are similar cases in other land development areas, and take measures to prevent violations of public officials' ethics regulations such as conflicts of interest by public officials handling land and housing information, including LH, using this case as an opportunity."
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