Why Did the 'Daejang-dong' Feasibility Report Recommend "PFV·AMC"?..."Freedom in Law and Supervision"

Feasibility Study Report on Daejang-dong Development Project / Provided by Office of Assemblyman Choi Chun-sik.

Amid growing controversy over the 'Daejang-dong' issue, a report reviewing the feasibility of the development project before its initiation suggested that the project should be pursued using the 'PFV method,' which requires establishing an Asset Management Company (AMC), raising calls for an investigation.

On the 2nd, Choi Chun-sik, a member of the National Assembly's Public Administration and Security Committee from the People Power Party, announced that after obtaining and analyzing the 'Daejang-dong Development Project Feasibility Review Service Report,' it was confirmed that the report included the opinion that "it is desirable to pursue the project using the PFV method, which is free from laws and supervisory authorities and requires an Asset Management Company (AMC)."

Feasibility Study Report on Daejang-dong Development Project / Provided by Office of Assemblyman Choi Chun-sik.

According to Representative Choi's office, Mr. A, the General Director of the Korea Economic Research Institute (located in Seongnam), which conducted the service (performance period: 2014.12.31~2015.1.22), previously served as the head of the pro-Democratic Party Seongnam Policy Forum organized in December 2010.

The forum was launched in December 2010, five months after Governor Lee Jae-myung was elected mayor of Seongnam in July 2010.

Mr. B, a current member of the National Assembly from the Democratic Party who served as co-representative at the time, is currently the head of the 'Success Forum,' a group supporting Governor Lee Jae-myung, according to Representative Choi's office.

The 'Seongnam Policy Forum' even invited former Democratic Party leader Sohn Hak-kyu to give a lecture at Seongnam City Hall on December 4, 2011, while Governor Lee Jae-myung was serving as mayor of Seongnam.

Feasibility Study Report on Daejang-dong Development Project / Provided by Office of Assemblyman Choi Chun-sik.

Representative Choi pointed out, "A thorough investigation is necessary into the background of why, during the feasibility review process, not only economic and appropriateness assessments and cost-benefit analyses were conducted, but also the opinion was presented that the project should be pursued through a specific type of special purpose vehicle, the PFV (paper company)."

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