President Moon Accepts Resignation of Blue House Anti-Corruption Secretary (Update)

Land Real Estate Speculation Allegations in Songjeong-dong, Gwangju, Gyeonggi... "Not for Speculation but Should Not Burden National Governance"

[Image source=Yonhap News]

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in has accepted the resignation of Kim Gi-pyo, the Anti-Corruption Secretary, amid allegations of real estate speculation.

Park Soo-hyun, the Blue House Chief of Public Communication, stated on the 27th, "Today, Anti-Corruption Secretary Kim Gi-pyo tendered his resignation to the President, and President Moon Jae-in accepted it."

Park explained, "Even if the Anti-Corruption Secretary did not acquire real estate for speculative purposes, considering the public's expectations for the duties of public officials and social responsibility, he expressed that he should no longer be a burden to the administration."

Secretary Kim faced allegations of real estate speculation related to land in Songjeong-dong, Gwangju, Gyeonggi Province. Although he explained that it was not for speculative purposes, the controversy did not subside. The controversy continued as it was revealed that Secretary Kim incurred a large financial debt during the purchase of commercial property in Magok-dong, Seoul.

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