'Yongin Semiconductor Cluster Speculation Allegation' Former Gyeonggi Provincial Government Official Summoned for Police Investigation

Land in Doksong-ri, Wonsam-myeon, purchased in October 2018 by Company B, represented by the wife of Mr. A, the team leader in charge of corporate investment attraction at the Provincial Investment Promotion Division.
[Image source=Yonhap News]

[Asia Economy Reporter Lee Gwan-joo] The police investigating real estate speculation allegations have summoned and are questioning a former Gyeonggi Province official who purchased land near the planned Yongin Semiconductor Cluster site under the name of a family company, raising suspicions of speculation.

The Special Investigation Unit for Real Estate Speculation Crimes of the Gyeonggi Southern Provincial Police Agency summoned Mr. A, the former team leader of the Investment Promotion Division at Gyeonggi Provincial Government, and his spouse for questioning around 10 a.m. on the 28th.

Upon appearing before the police, they did not respond to reporters' questions regarding the reasons for purchasing the land. The police plan to focus on investigating whether Mr. A used insider information.

In October 2018, while serving as the team leader of the Investment Promotion Division at Gyeonggi Province, Mr. A purchased four plots totaling approximately 1,500㎡ in Dokseong-ri, Wonsam-myeon, Yongin City, under the name of a company represented by his wife, for 500 million KRW. It is reported that the land price increased about fivefold after the semiconductor cluster development plans were made public.

In particular, the timing of the land purchase coincided with the period when Gyeonggi Province was proposing the establishment of a semiconductor cluster centered around SK Hynix to the central government, raising suspicions of insider information use.

Earlier on the 23rd, Gyeonggi Province filed a complaint with the police against Mr. A for violating the Anti-Corruption and Civil Rights Commission Act. Subsequently, on the 25th, the police conducted a search of Mr. A's residence and seized his mobile phone and laptop, among other items.

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