Goyang City "Survey Results Show Some Public Officials Own Land Near Changneung New Town"

[Image source=Yonhap News]

[Asia Economy Reporter Song Seung-yoon] An internal investigation by the audit office revealed that some public officials in Goyang City, Gyeonggi Province, own land near the Changneung Public Housing District, a planned site for the 3rd New Town.

According to Goyang City on the 16th, the city’s audit office conducted a full-scale investigation starting from the 10th to verify suspicions of real estate speculation by public officials in the Changneung Public Housing District and other areas. As a result, it was confirmed that some public officials own land near the Changneung district. However, no Goyang City public officials have been found to own land within the Changneung New Town itself so far.

This investigation targeted 3,599 Goyang City public officials and 420 family members of current and former employees of the Urban Planning Division. The city plans to further investigate the purposes of land ownership.

Meanwhile, according to the Ministry of Land, Infrastructure and Transport and Korea Land and Housing Corporation (LH) investigation results announced by the government on the 11th regarding land transactions by former and current employees in eight districts including the 3rd New Town, a total of 20 suspected speculation cases were identified, with two cases found in the Changneung New Town.

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