Kim Jong-in: "LH Land Speculation Allegations Are a Case of Speculation DNA Spreading Among the Ruling Forces"

[Asia Economy Reporter Naju-seok] Kim Jong-in, Emergency Committee Chairman of the People Power Party, on the 11th, regarding the land speculation allegations involving employees of Korea Land and Housing Corporation (LH), stated, "There are criticisms that this is the final chapter of unfairness under the Moon Jae-in administration," and pointed out, "It has greatly provoked the public's sensitive nerves regarding real estate."

At the emergency committee meeting held at the National Assembly that day, Chairman Kim said, "Many key figures of the administration are wealthy landowners in Gangnam, with many owning a single smart property and being masters of financial technology, yet they forced public housing on the people," and defined the incident as "a case where the ruling party's speculative DNA has spread comprehensively throughout public office."

[Image source=Yonhap News]

He criticized, "The current administration has turned South Korea into a thoroughly unfair republic through cheating and privileges," and added, "Although it claimed to be a candlelight government, public expectations have turned into anger, making public sentiment turbulent." Chairman Kim said, "The angry public is asking what this administration fears in relation to the LH speculation scandal, blocking investigations by the prosecution and the Board of Audit and Inspection," and stated, "I am confident that the people's anger and severe judgment against the administration, which destroys the value of fairness, will be expressed through the by-elections."

Joo Ho-young, floor leader of the People Power Party, also said, "The administration that declared a war on real estate speculation tightened the market, labeled good citizens as potential speculators, failed to catch the real speculators, and only fattened their pockets," and added, "President Moon said that opportunities would be equal, processes fair, and results just, but he must first take strict responsibility for destroying the fairness and trust he so emphasized."

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