Allegations of Fragmented Purchase in Siheung by Kim Kyung-man's Spouse... "Unrelated to New Town, Will Dispose Immediately"

[Asia Economy Reporter Jeon Jinyoung] Kim Kyung-man, a member of the Democratic Party of Korea, immediately denied speculation of speculation raised over his spouse's purchase of land near the 3rd phase new town in Siheung, Gyeonggi Province, stating that it is "completely unrelated to the new town site" and pledged to dispose of it promptly.

In a statement released that day, Rep. Kim said, "The total 50-pyeong forest land located at San 20 (66㎡) and San 39-2 (99㎡) in Janghyeon-dong, Siheung-si, which became an issue, was purchased by my spouse at the recommendation of a church acquaintance and is completely unrelated to the new town site," adding, "At that time, I was not even a member of the National Assembly."

He explained, "I became aware of the existence of the property around March last year when registering assets as a proportional representation candidate, and immediately requested the sale of the property, but the transaction has not yet been completed," and added, "During the recent preparation for the regular asset change report, I recognized errors such as an excessive declaration of the land's share area and corrected and reported this on February 26."

He continued, "Although this was before I took office in the National Assembly and the property is under my spouse's name, I deeply regret and apologize from the perspective that, as a responsible public official, proactive and early sale measures were necessary," emphasizing, "I promise to take immediate and proactive disposal of the land without any conditions."

Earlier, some media pointed out that Rep. Kim's spouse purchased forest land in the Janghyeon-dong area, about 5 km away from Gwarim-dong, Siheung-si, where the 3rd phase new town is planned, twice in 2016 and November 2018, raising suspicions of 'split purchases' for speculation.

Kim, who served as the head of the Economic Policy Headquarters of the Korea Federation of SMEs, entered the National Assembly as the second candidate on the proportional representation list of the Democratic Citizens' Party in the 21st general election.

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