"Only LH and Members of the National Assembly Welcome the New Town"… Professor Yu Hyun-jun Who Predicted the 'LH Scandal'

Professor Yoo Hyun-joon, Hongik University / Photo by Channel A News, captured on the 6th

[Asia Economy Reporter Choi Eun-young] As LH (Korea Land and Housing Corporation) employees face allegations of preemptive speculation on new town land, Professor Yoo Hyun-joon of Hongik University, who predicted the 'LH incident,' pointed out on the 6th that "the core of public development ultimately lies in the people who carry it out."

On the 6th, Professor Yoo appeared on Channel A News and said regarding the LH incident, "Because it is done by people, it is not always good just because it carries the name of the public."

Professor Yoo explained, "Local district lawmakers can provide land compensation, so they gain a lot of support and have a higher chance of re-election, and LH employees end up having more work to do."

Earlier, on the 6th of last month, Professor Yoo appeared on the YouTube channel 'Jipconomy TV' and criticized the current government's real estate policy by saying, "The only people who like new towns are local district lawmakers and LH employees." This remark drew attention among many netizens recently as allegations of preemptive speculation by LH employees surfaced, with many saying "Professor Yoo predicted the current situation in advance."

In the broadcast on the same day, Professor Yoo pointed out, "People usually try hard to catch villains, but there are not only villains but also hypocrites," adding, "It is important to have a sharp eye to distinguish between villains and hypocrites."

Regarding the new town policy, he said, "In fact, 91% of our country is already urbanized, so there is no further movement toward cities," and added, "In this situation, it is more desirable to increase density by utilizing existing urban infrastructure."

He continued, "There is no need to create new residential sites by damaging nature now. Such efforts were necessary in the 1970s when many people moved from rural areas to cities, but now it is unnecessary," and argued, "Rather, we should actively develop and upgrade the existing residential sites."

Professor Yoo Hyun-joon, Hongik University / Photo by Channel A News, captured on the 6th

Regarding his criticism in an interview with Shindonga last August, where he said, "The government's rental housing-centered supply policy turns the entire population into tenant farmers," he stated, "I believe a healthy society is one where many people own their homes and the middle class grows, which fosters attachment and pride in the community, leading to a better society."

He warned, "If the government or large corporations continue to pursue rental housing-centered policies, society will become one where a few hold capital and power."

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