Jin Joong-kwon: "'Daejang-dong Privilege' Lee Jae-myung, a Shallow Trick... The Biggest Corruption Since Dangun"

'Daejang-dong Development Privileges' Lee Jae-myung Advocates Mandatory Development Profit Recovery System
Jin Joong-kwon "Cunning Trick... The Biggest Corruption Since Dangun"

Former Dongyang University Professor Jin Joong-kwon. [Photo by Yonhap News]

[Asia Economy Reporter Park Hyun-joo] Lee Jae-myung, Governor of Gyeonggi Province, who is under suspicion of 'preferential treatment in the Daejang-dong development,' shifted the blame to the opposition party and the media while mentioning the 'development profit recovery system.' Former Dongyang University professor Jin Joong-kwon stated, "Does he believe he can escape the quagmire with a shallow trick?" and added, "This appears to be the largest corruption case since Dangun."

On the 22nd, Lee posted on his Facebook under the title "Thanks to Chosun Ilbo, People Power Party, and construction forces," saying, "They have conspired to criticize that 100% of public development profits were not recovered, so from now on, even if all unearned development profits are publicly recovered according to public development principles, they cannot oppose it." He declared that he would make the public recovery of unearned development profits mandatory.

Regarding this, former professor Jin criticized on his Facebook the same day, stating, "They are trying hard. The essence of this incident is that they disguised a failed private development as a public development, used public authority to pave a highway for developers, and gave those suspicious parties thousands of billions in unearned income."

He continued, "The 500 billion won said to have been recovered is something that would have been recovered anyway under the law even with private development. Rather, they used the justification of public development to give preferential treatment to private developers by allowing them to avoid the price ceiling system. The damage from this likely fell entirely on the residents," he explained.

Then, former professor Jin urged Lee to apologize. He said, "I am amazed at the excellent disguise that decorates this foul-smelling gate as 'the largest public recovery project since Dangun.' It would be better if Lee now said, 'I didn't know it was done like that. I apologize for causing great harm to the people.' Even if you look at it kindly, it only means incompetence," he emphasized.

Former Dongyang University professor Jin Joong-kwon posted on his Facebook on the 22nd criticizing Lee Jae-myung, Governor of Gyeonggi Province. Photo by Former Professor Jin's Facebook capture.

Meanwhile, Lee has claimed the Daejang-dong development project as "the largest public interest recovery project since Dangun." On the 14th, he held a press conference at the National Assembly, stating, "There are many groundless rumors and distortions surrounding the Daejang-dong development project, which is the largest public interest recovery project since Dangun. It was a model public interest project that prevented preferential treatment in private development and recovered 550.3 billion won for citizen benefits. The Daejang-dong development remains the greatest achievement during my time as mayor of Seongnam, which I still take pride in."

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