"LCT Special Prosecutor Must Also Investigate Park Hyung-jun's Real Estate, Lee Nak-yeon and Kim Tae-nyeon in Unison (Comprehensive)"

With "Park Hyung-jun Real Estate Full Investigation Needed" Total Offensive

[Asia Economy Reporters Koo Chae-eun and Jeon Jin-young] Kim Tae-nyeon, Acting Leader of the Democratic Party of Korea, and Lee Nak-yeon, Standing Chair of the Central Election Committee, brought up the LCT special investigation, targeting Park Hyung-joon, the People Power Party candidate for Busan mayor, and requested “a full real estate investigation of candidates running in the by-elections and their immediate family members.”

At the Central Election Committee meeting on the 17th, Acting Leader Kim stated, “The truth about the preferential allocation of LCT must be fully revealed to eradicate real estate corruption.” He pointed out, “Park Hyung-joon, the People Power Party candidate in Busan, purchased an LCT apartment last year under his spouse’s name, and his daughter and her husband also acquired an LCT apartment. They bought two apartments worth over 2 billion won each, located one above the other, and now, less than a year later, they expect a capital gain of as much as 4 billion won. This is shocking for ordinary citizens.” He added that if Park is confident of his innocence, he should clarify the suspicions through a full investigation.

He emphasized, “There is no reason for the opposition party not to agree to uncover the truth about the preferential allocation of LCT,” adding, “This is due to the public demand that candidates running for mayor of Seoul and Busan must take the lead in eradicating real estate corruption.”

Acting Leader Kim also said, “LCT is the epitome of the local entrenched real estate corruption cartel,” and mentioned, “During the Lee Myung-bak administration, the senior secretary for political affairs and a People Power Party lawmaker were arrested, causing great anger and frustration among the public. Recently, a petition was submitted to the police stating that about one hundred influential figures in the Busan area were included in the list of preferential allocations.”

Lee Nak-yeon, the Standing Chair of the Election Committee, also said, “If the LCT preferential allocation allegations are brushed aside, a second LCT corruption scandal could arise,” and added, “I dare say that the citizens of Busan must make a decisive choice in the by-election.” He stated, “To eradicate real estate corruption, a full real estate investigation must be conducted immediately on elected officials, including members of the National Assembly, and candidates running in the April 7 by-elections.”

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