LH Land Speculation Full Investigation... Justice Party "Should Expand to All Elected Officials"

Justice Party, Full Real Estate Investigation of National Assembly Members "Naturally Participate"
"Expand to Local Government Heads and Local Assembly Members"
"Conduct Full Investigation Including Immediate Family of Elected Officials"

[Asia Economy Reporter Oh Ju-yeon] The Justice Party emphasized that the scope of the real estate speculation full-scale investigation should be expanded not only to members of the National Assembly but also to all elected public officials, including local government heads and local council members.

Officials from the Ministry of Land, Infrastructure and Transport visited the National Investigation Headquarters of the Seoul Metropolitan Police Agency in Seodaemun-gu, Seoul, on the afternoon of the 11th to request an investigation into those suspected of land speculation related to the Korea Land and Housing Corporation (LH). Photo by Moon Honam munonam@

On the 11th, Chief Spokesperson Jeong Hojin stated regarding the Democratic Party of Korea's proposal for a full-scale investigation into real estate speculation involving all members of the National Assembly, "The Justice Party also gladly welcomes and will naturally participate. However, to conduct a proper full-scale investigation, the scope of the real estate speculation investigation must be expanded."

Chief Spokesperson Jeong said, "Kim Jong-in, the emergency committee chairman of the People Power Party, also expressed willingness to try. If all parties have agreed on the full-scale investigation, it must be conducted thoroughly to leave no suspicion."

Accordingly, the explanation is to expand the scope of the real estate speculation full-scale investigation to include not only members of the National Assembly but also local government heads, local council members, and all elected public officials.

Chief Spokesperson Jeong said, "Disclosing the real estate transactions and holdings of National Assembly members who represent the people's will is the beginning of the determination to eradicate real estate speculation," adding, "Especially, elected public officials such as National Assembly members are priority subjects for investigation because they have easy access to non-public development information related to their duties and can directly or indirectly influence decision-making in development projects."

Chief Spokesperson Jeong emphasized that the investigation should not stop there but must include a full-scale investigation of the immediate family members of elected public officials.

He said, "Speculation involving family members and under borrowed names is rampant, as seen with Democratic Party of Korea members Yang Yi-won-young and Kim Kyung-man, who have already been suspected of speculation," and added, "An investigation including immediate family members is inevitable."

He also argued that to prevent the investigation from being merely a show, it must be conducted by a neutral third-party institution.

Chief Spokesperson Jeong stated, "No one trusts self-investigations anymore," and said, "If a bold full-scale investigation is to be conducted without any suspicion, it must be carried out by a third-party institution. If necessary, elected public officials such as Justice Party members of the National Assembly will be the first to comply with the investigation."

He continued, "As the saying goes, 'Strike while the iron is hot,' party leaderships should urgently meet to agree on plans to promote the full-scale investigation," and emphasized, "We hope that all parties will actively participate together in a proper full-scale investigation as proposed by the Justice Party."

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