Cheon Junho "Allegations of Land Speculation in Naegok-dong Must Be Clarified" Oh Se-hoon "Black Propaganda"

"Family-Owned Land in Naegok-dong Designated as Public Housing Site"
"Seoul City and Ministry of Land Requested Designation During Mayor Oh Se-hoon's Term"
Oh Se-hoon: "Candidate Park Seems Desperate... Black Propaganda"

[Image source=Yonhap News]

[Asia Economy Reporters Koo Chae-eun and Park Joon-yi] On the 9th, Cheon Jun-ho, a member of the Democratic Party of Korea, raised suspicions of land speculation involving Oh Se-hoon, the People Power Party's candidate for Seoul mayor. Oh Se-hoon responded by calling it a "smear campaign."

At a press conference held at the National Assembly Communication Office on the same day, Representative Cheon claimed, "There are suspicions that candidate Oh Se-hoon was involved in designating land in Naegok-dong, owned by his family and in-laws, as a public housing district." He added, "In August 2009, when Oh Se-hoon was serving as the mayor of Seoul, the Seoul city government requested the Ministry of Land, Infrastructure and Transport to designate Naegok-dong as a public housing district. After review by related agencies, in October 2009, the Ministry designated Naegok-dong, which included 4,443 square meters (approximately 1,344 pyeong) of land owned by Oh Se-hoon's family and in-laws, as a public housing district."

He pointed out, "It has been identified that Oh Se-hoon's family and in-laws received compensation amounting to 3.65 billion KRW from the Seoul Housing and Communities Corporation (SH) in exchange for transferring land in the development-restricted zone until 2010 and 2011 after the designation of the Naegok-dong public housing district. The Oh family sold their land to SH at prices ranging from twice to three times higher than the previous year."

He further stated, "If candidate Oh Se-hoon intervened in the designation of the public housing district to dispose of his family's land while serving as mayor of Seoul, this can be seen as an abuse of power involving land speculation by the mayor. Before running for mayor, Oh Se-hoon should properly explain these suspicions of speculation to the public."

On the other hand, Oh Se-hoon strongly denied the allegations. Immediately after the press conference, he shared a statement on Facebook, saying, "Candidate Park Young-sun should apologize immediately and withdraw." Oh said, "Seeing candidate Park's behavior trying to conduct a policy election at the level of a late Liberal Party smear campaign, it seems she is really desperate. Does she lack confidence to the extent of bringing up a topic that candidate Han Myeong-sook raised 10 years ago and was embarrassed over?"

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