Goyang City to Conduct Full Investigation into Speculation Allegations in '3rd Phase Changneung New Town'... Plans to Request Investigation of 3 Individuals

For 4,050 Public Officials... City States "No Land Purchases by Public Officials Within Designated Areas"

Goyang City Hall

[Asia Economy Reporter Ra Young-cheol] Goyang City in Gyeonggi Province announced on the 18th that "as a result of a full investigation of 4,050 people, including public officials and employees of the Urban Development Department of Goyang Urban Management Corporation under the city, regarding the speculation allegations related to the 3rd Changneung New Town, no land purchasers were found."

It added, "However, we plan to request an investigation for 3 individuals with low likelihood by additionally examining changes in individual official land prices to ensure there is no suspicion at all."

A city official stated, "In addition to the 3,599 public officials, the investigation scope was expanded to include 420 family members of officials in the urban planning department and 31 employees of the Urban Development Department of Goyang Urban Management Corporation for a full investigation."

According to the city on that day, since March 10, three investigations were conducted using all available means, including ▲verification of public officials' property registrations ▲confirmation of land transaction status data from May 1, 2014, to February 28, 2021.

During this process, it was confirmed that 5 people, including public officials and some family members, although not included in the designated area of the 3rd New Town, purchased land in nearby areas for purposes such as housing construction, farming, and inheritance.

Accordingly, additional investigations into changes in individual official land prices were conducted for these 5 people, confirming that 2 had no likelihood of real estate speculation due to inheritance share purchases and family purchases before appointment, and 3 were found to have a very low likelihood.

The city plans to request a police investigation for these 3 individuals in the future. Furthermore, it intends to continuously monitor and thoroughly investigate any other speculation allegations related to public officials and the new town to ensure there is no suspicion at all.

Lee Jae-jun, Mayor of Goyang City, stated, "We will actively cooperate with additional government-level investigations in the future and take strict no-tolerance measures if speculation is confirmed.”

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