Gimhae City Council, No Abnormalities Found in Comprehensive Investigation of Real Estate Speculation Allegations

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] The Gimhae City Council in Gyeongnam announced on the 22nd that, as a result of conducting a 'comprehensive investigation into real estate speculation' to resolve suspicions of real estate speculation among city council members and to establish an honest council, the auditor informed them that none of the city council members had any land transaction details within the project districts.

For the comprehensive investigation of real estate transactions by city council members in May, consent forms for the provision of personal information of the council members and their families were submitted to the auditor.

From May 11 to June 18, the city conducted a comprehensive investigation into real estate speculation among 23 city council members and 84 of their family members, as well as in five project districts within the jurisdiction (Heungdong Urban High-tech Industrial Complex, Jinrye Public Support Private Rental, Seogimhae General Industrial Complex, Eobang District Urban Development Project, Jangyu Residential Complex Back Area). The investigation covered the five years prior to the designation date of each project district to determine any real estate speculation.

Chairman Song Yoo-in stated, “Going forward, the city council will take the lead in eradicating real estate speculation using positions and prior information, and in creating a transparent and honest public service community.” He added, “We will actively strive to become a trusted council through responsible politics that meet the expectations of citizens.”

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