Jo Kyung-tae: "LH Scandal, From Full Investigation of Lawmakers to Prosecution, Special Investigation, and Parliamentary Inquiry"

All Means Must Be Mobilized to Eradicate Real Estate Speculation
The Public's Despair Deepens as Even the National Assembly Blames Each Other

Kyoong Kyung-tae, Member of the People Power Party [Image source=Yonhap News]

[Asia Economy Reporter Hyunju Lee] On the 15th, Jo Kyung-tae, a member of the People Power Party, stated, "We must mobilize all means, including prosecution, special investigation, and national audits, starting with a full-scale investigation of all 300 members of the National Assembly from both ruling and opposition parties, to eradicate real estate speculation."

In a statement released that day, Representative Jo said, "Even the National Assembly, which should criticize and correct the problems in national governance, is only engaged in blame-shifting, deepening the despair of the people."

He pointed out, "The Ministry of Land, Infrastructure and Transport, which should take responsibility and undergo investigation, is leading the joint investigation team and is being criticized for conducting a 'self-investigation.' The credibility of the joint investigation team has hit rock bottom."

Representative Jo strongly proposed, "A full-scale investigation into real estate speculation should be conducted on all 300 members of the National Assembly from both ruling and opposition parties. The investigation should be extensive, covering not only the individuals concerned but also their spouses and relatives, to resolve suspicions of proxy speculation."

He added, "Furthermore, I urge that the same method of full-scale real estate speculation investigation be conducted on all public officials in South Korea, including the Blue House, metropolitan governments, government ministries, and public institutions."

He also emphasized, "To ensure the objectivity and credibility of the full-scale investigation, a transparent investigation should be conducted through third-party external organizations such as civic groups," and proposed, "all means available, including prosecution, special investigation, and national audits, should be mobilized to investigate the real estate speculation scandal."

He explained, "The people are pleading that they cannot live with injustice, but the political circles are only calculating political gains and losses, saying 'prosecution investigation should come first' and 'special investigation should be introduced first,'" and added, "there must be no political interference whatsoever to completely eradicate real estate speculation, which is a national disease of South Korea."

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