Yang Hyang-ja: "Forest land in Hwaseong not related to new town... No transactions, sale failed"

[Image source=Yonhap News]

[Asia Economy Reporter Jeon Jinyoung] Yang Hyangja, a member of the Democratic Party of Korea, stated on the 10th regarding reports that she owned land in the Greenbelt area adjacent to the newly developed housing district in Hwaseong City, Gyeonggi Province, “The land mentioned in the report is completely unrelated to the controversial new town, and there are almost no surrounding land transactions, making it difficult to estimate the market price.”

In a statement released that day, Representative Yang said, “The land was purchased when I was promoted to an executive at Samsung, and upon retirement, I bought the forest land jointly with my spouse on the recommendation of an acquaintance to build a country house and prepare for old age.” She added, “Since deciding to enter public office, I have attempted to sell the land several times, but due to the lack of transactions, the sales failed.”

She emphasized, “There was no intention to gain any price difference through the purchase of forest land in Hwaseong,” and “The land has no conflict of interest whatsoever, and I have tried to sell it several times since deciding to serve in public office.”

She continued, “Nevertheless, as a leader of the ruling party, I deeply regret causing unavoidable concern to the public amid the serious situation where the public is outraged over the Korea Land and Housing Corporation (LH) scandal,” and said, “I apologize. As a public official, I will not lose sight of my duties and will manage myself more strictly.”

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