Gyeongnam Provincial Assembly People Power Party Members: "LH Restructuring Plan Distorts the Angry Real Estate Public Sentiment"

Press Conference Demanding Withdrawal of 'LH Restructuring Plan' at Gyeongnam Provincial Council on the 24th

On the 24th, members of the People Power Party and independent members of the Gyeongnam Provincial Council demanded the withdrawal of the LH restructuring plan. Photo by Saeyan Park sy77@

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] On the 24th, a member of the People Power Party in the Gyeongsangnam-do Provincial Council held a press conference at the provincial council and raised their voice, urging the withdrawal of the LH restructuring plan, which they called a policy to kill the Gyeongnam Innovation City.

On this day, 21 People Power Party members and 5 independent members of the Gyeongsangnam-do Provincial Council stated regarding the LH restructuring plan that it was a "policy to attract attention for a change of phase" and demanded the withdrawal of the LH restructuring plan that tramples on regional balanced development.

They said, "LH was a key institution leading the development of the underdeveloped western Gyeongnam, showing achievements such as paying local taxes amounting to 150 billion won and hiring 706 local talents," and added, "It is incomprehensible to push for restructuring LH to the level of dismantlement under the pretext of a real estate speculation incident."

The specific reasons for opposing the restructuring plan included that it could not serve as a measure to prevent real estate speculation, it regresses regional balanced development, and it causes issues of fairness with other innovation cities.

They warned, "This hastily promoted LH restructuring plan will fall into a self-contradictory paradox that denies the government's own principles of establishing an integrated corporation of Korea Land and Housing Corporation (LH) and Korea Land Corporation (KLC), expanding regional balanced development, and balanced development among innovation cities."

They also quoted the saying of Mencius about 'no trust, no standing,' conveying that if the government implements policies that fail to inspire trust, its very existence will become precarious.

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