'Speculation Suspected for Price Difference Profit'... Illegal Land Alteration Revealed on Land Owned by Husband of Hanam City Councilor Kim Eun-young

Assemblyman Kim's Mother's Land Illegally Converted into Parking Lot... City Plans "Criminal Charges"

[Asia Economy Reporter Ra Young-cheol] It has been revealed that a plot of land near Gyosan New Town owned by the husband of Hanam City Council member Kim Eun-young (Democratic Party) was illegally altered in its terrain.

On the 17th, Hanam City announced, "As a result of an on-site investigation of four plots totaling 2,477㎡ in Cheonhyeon-dong under the name of Councilor Kim's husband, it was confirmed that the land had been illegally altered."

The city plans to issue a restoration order and file a criminal complaint for violating the Special Act on the Designation and Management of Development-Restricted Areas.

A city official stated, "The site is a greenbelt forest area that was purchased in August 2007, illegally reclaimed for use as farmland, and a vinyl greenhouse was also installed."

According to local real estate agencies, the site is adjacent to Gyosan New Town, so a significant price difference was expected.

Additionally, the land under the name of Councilor Kim's mother, which was incorporated into Gyosan New Town, is located only about 200 meters from the said site, raising suspicions of speculative investment aimed at capital gains.

It is reported that the four plots totaling 3,509㎡ (1,063 pyeong) in Cheonhyeon-dong, purchased by Councilor Kim's mother between April and October 2017, were incorporated into Gyosan New Town, and she received compensation of about 800,000 KRW per 3.3㎡ at the end of December last year, resulting in a profit of about twice the purchase price.

Regarding the site, Councilor Kim's husband was registered as the mortgagee for 600 million KRW, and the land was illegally converted into a parking lot and rented out for 2 million KRW per month since the end of 2019.

As it is known that Councilor Kim and her husband were involved in the sale and lease contracts related to the site, suspicions of speculative investment under the mother's name are also spreading.

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