Lee Nak-yeon: "Must Eradicate Real Estate Crimes, the 'National Ruin Disease'... Major Surgery Equivalent to LH Dissolution Inevitable"

Lee Nak-yeon, Standing Election Committee Chairman of the Democratic Party of Korea, is delivering opening remarks at the Central Election Committee meeting held at the National Assembly on the 15th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Jeon Jinyoung] Lee Nak-yeon, co-chairman of the Democratic Party of Korea's joint standing election committee, stated on the 15th regarding the Korea Land and Housing Corporation (LH) scandal, "We will eradicate the seeds of the 'national ruin disease' real estate crimes," emphasizing the need for a sweeping reform of LH.

On the afternoon of the same day, Lee said through his Facebook, "We will fundamentally block corruption and moral hazard among 2 million public officials."

He added, "Since the Lee Myung-bak administration merged the Land Corporation and Housing Corporation in 2009, too much information and authority have been concentrated," and stated, "We will transform LH into a transparent and responsible national housing welfare agency where mutual monitoring and checks operate."

He continued, "Real estate crimes by public officials will be harshly punished to the extent that they lose money, honor, and position," and declared, "We will establish a clean republic of integrity where public officials are clean and public service is pure."

He also urged, "We can no longer delay the five laws to prevent public officials' speculation, including the Conflict of Interest Prevention Act," calling for the swift passage of the legislation.

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