Prime Minister Jeong: "Real Estate Corruption Is Not Just Individual Misconduct... Special Investigation Unit Must Conduct More Thorough Probe"

"Preparing Irreversible Real Estate Structural Reform Measures"

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] Prime Minister Chung Sye-kyun on the 27th instructed the government’s Joint Special Investigation Headquarters (Special Investigation Headquarters), which is investigating allegations of real estate speculation involving Korea Land and Housing Corporation (LH), to "conduct the investigation more swiftly and thoroughly."

Prime Minister Chung said on social media (SNS) that "although the Special Investigation Headquarters is conducting the investigation with their fate at stake, it is also true that it seems insufficient to meet the public’s expectations."

He added, "I also ask for active communication with the public," emphasizing, "Any corruption revealed in the investigation should be fully disclosed to the public as it is, leaving no room for suspicion."

Furthermore, Prime Minister Chung stated, "Real estate corruption is a structural social disease and is never an individual deviation," promising, "We will prepare irreversible real estate structural reform measures through stronger laws and systems to ensure that land and houses do not become targets of speculation."

Addressing the National Assembly, he said, "It is a disregard of the public’s wishes that the bill to prevent conflicts of interest among public officials has still not passed the National Assembly’s Political Affairs Committee," urging, "Members of both ruling and opposition parties should promptly proceed with its passage."

He added, "Please promote the fundamental legislation of real estate systems that will make it unthinkable for public officials to even dream of real estate-related misconduct."

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