Seoul National University Students Raise Allegations of Speculation in Baegot New City by Former Siheung Mayor Kim Yoon-sik

[Asia Economy Reporter Kang Nahum] Students at Seoul National University have raised allegations of real estate speculation against former Siheung Mayor Kim Yoon-sik.

The group 'Seoul National University Students Hoping to Uncover Real Estate Speculation Allegations in Siheung Baegot New Town' stated on the 24th, "After reviewing the asset disclosure records of former Mayor Kim, it was found that he purchased an apartment in Siheung Baegot New Town in 2014 during his tenure and resold the pre-sale rights the following year," adding, "This raises suspicions that he may have acquired the apartment pre-sale rights aiming for short-term price gains."

The students reported that former Mayor Kim acquired pre-sale rights for a newly constructed apartment about 1 km away from the Seoul National University Siheung Campus site in 2014, and transferred them to a third party the following year, earning a price difference of approximately 40 million won.

They also pointed out, "2014 was the year when the Seoul National University Siheung Campus project began to gain significant momentum," and "Former Mayor Kim showed tremendous enthusiasm for attracting Seoul National University."

The students plan to hold a press conference in front of the Police Agency in Seodaemun-gu, Seoul, on the 29th, requesting an investigation into real estate speculation involving former Mayor Kim, current and former Siheung city officials, and current and former Seoul National University staff, and will submit the results of a petition.

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