Government: "23 Local Officials Suspected of Speculation in China"... Gwangmyeong City Tops with 10 (Update)

Announcement of the 2nd Investigation Results by the Government Joint Investigation Team under the Office for Government Policy Coordination

[Asia Economy Reporter Son Sunhee] On the 19th, the government announced that a second investigation targeting local government officials in charge of development tasks and local public enterprises related to the Korea Land and Housing Corporation (LH) scandal confirmed a total of 23 suspected cases of speculation. Among them, 10 officials belonged to Gwangmyeong-si, the highest number.

Choi Chang-won, First Deputy Director of the Office for Government Policy Coordination and head of the government joint investigation team (Joint Investigation Team), held a briefing at the Government Seoul Office in the afternoon and stated, "There were 28 confirmed land transactions within the 3rd New Town districts and adjacent areas, and among them, 23 are suspected of speculation and subject to investigation referral."

The second investigation targeted a total of 8,780 people, including 6,581 local government officials related to the 3rd New Town and 2,199 employees of local public enterprises. Among them, 23 people confirmed to have land transactions and included in the investigation referral were 18 from local governments and 5 from local public enterprises. Among local governments, Gwangmyeong-si had the most with 10, followed by Ansan-si with 4, Siheung-si with 3, and Hanam-si with 1.

The local public enterprises included 2 from Bucheon Urban Corporation, 2 from Gyeonggi Urban Corporation, 1 from Gwacheon Urban Corporation, and 1 from Ansan Urban Corporation, totaling 5.

Although not included in the investigation referral, 5 cases were confirmed to be transactions presumed to be gifts among family members. The government plans to transfer these to the government joint special investigation headquarters for use as reference materials in the investigation.

Deputy Director Choi stated, "The special investigation headquarters plans to conduct thorough and extensive investigations using land transaction information on spouses and direct ascendants and descendants of local government and local public enterprise employees who were not included in this investigation."

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