Justice Party Requests Investigation into Land Speculation Allegations by Sejong City Officials and Others

[Asia Economy Reporter Oh Ju-yeon] The Justice Party has requested an investigation into land speculation allegations involving public officials in Sejong City.

On the 16th, Jeong Ho-jin, the chief spokesperson of the Justice Party, held a briefing at the National Assembly Communication Office and stated, "The speculation allegations are not limited to the 3rd New Town but are occurring nationwide, including Sejong City," adding, "The Justice Party Sejong City branch has requested an investigation into public officials in Sejong City involved in speculation allegations."

[Image source=Yonhap News]

Jeong, the chief spokesperson, said, "Public officials in Sejong City and their families purchased land in the planned development area just before the announcement of the industrial complex and built prefabricated houses. Among them is even the former head of the Sejong City Happy City Construction Office."

He also said, "In Changwon City, Gyeongnam Province, speculation allegations and suspicions about high compensation prices have been raised regarding the neighborhood park development project," adding, "Only after a series of allegations did Changwon City announce a full investigation, but there are doubts about whether it will be properly conducted."

He explained that there are significant concerns that the so-called full investigation will be superficial, as only public officials of grade 7 or higher, excluding elected officials, are included in the investigation target.

Jeong emphasized, "In particular, regarding the issue suspected of being a giveaway-style compensation, other information is disclosed, but compensation amounts per parcel are uniquely withheld under the pretext of personal information protection," and criticized, "Contrary to the Democratic Party leadership's grand promises to eradicate speculation, local governments are procrastinating."

He pointed out, "There is sufficient suspicion that there might be a cartel with speculation forces," and stressed, "A comprehensive investigation is inevitable not only for members of the National Assembly but also for elected officials and local governments."

The Justice Party has established a Special Committee for the Dismantling of the Real Estate Speculation Republic at the central party and in 17 metropolitan cities and provinces, operating a public interest reporting center for real estate speculation.

Jeong, the chief spokesperson, stated, "We will firmly oppose all acts that condone speculation forces and take action to dismantle the speculation republic."

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