[Breaking] Hong Nam-ki to Announce Anti-Speculation and Recurrence Prevention Measures on LH Scandal Early Next Week
[Asia Economy Reporter Kim Hyunjung] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, announced on the 26th that he will unveil measures to prevent recurrence early next week in relation to the speculative scandal involving employees of Korea Land and Housing Corporation (LH).
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On the same day, Hong presided over the 18th Real Estate Market Inspection Meeting with related ministers at the Government Seoul Office and stated this in his opening remarks. He said, "Regarding the LH incident, measures to eradicate real estate speculation and prevent recurrence will be announced early next week, after the final consultations and government-party discussions today (26th), without passing March." He added, "This time, we are preparing fundamental measures with the determination to completely root out typical illegal, irregular, and unfair speculation in the real estate market."
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