Police Launch Investigation into 'Speculation Allegations' Against Siheung City Council Member and Gwangmyeong City Official... Complainant Under Investigation

Representatives from various regions and residents belonging to the National Solidarity Council for Public Housing Districts (Gongjeonhyeop) held an emergency press conference on the 10th in front of the land suspected of speculative investment by LH employees in Gwarim-dong, Siheung-si, Gyeonggi Province, condemning LH Corporation and urging the complete cancellation of the 3rd New Town public housing districts. / Siheung = Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Lee Gwan-ju] The police investigating allegations of speculative investment in new towns by employees of the Korea Land and Housing Corporation (LH) have begun investigations on the 11th into a Siheung City council member and a Gwangmyeong City public official who have been newly implicated in speculation allegations.

The Anti-Corruption Economic Crime Investigation Unit of the Gyeonggi Southern Provincial Police Agency summoned Kwon Min-sik, the representative of the Judicial Examination Preparation Group (Sajunmo), who filed a complaint through the National Petition System, and questioned him for about an hour starting at 9:30 a.m. today in the capacity of a complainant.

The subjects of the complaint are Council Member A of Siheung City Council, affiliated with the Democratic Party of Korea, who was previously suspected of speculation, and Mr. B, a Grade 6 public official of Gwangmyeong City.

After the investigation, Representative Kwon released a separate statement saying, "The investigation team visited the site of the land owned by Council Member A's daughter and conducted an investigation, and also secured documents related to personal information," adding, "I think a summons procedure will be carried out soon."

Sajunmo filed a complaint with the police alleging that Council Member A and her daughter purchased land in the Garim-dong area of Siheung City, Gyeonggi Province, a planned development area for the 3rd new town, and attempted to gain speculative profits by constructing commercial buildings.

Mr. B, who was also reported, caused controversy after it was revealed that in early July last year, he purchased 793㎡ of forest land located in Gahak-dong, Gwangmyeong City, Gyeonggi Province, jointly under his name and three family members for 430 million won.

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