[Poor Management, Internal Celebration] Commendation for Key Accountant of Daejang-dong Team After Governor Lee Jae-myung's Election

View of the Pangyo Daejang Urban Development Project Area in Bundang-gu, Seongnam-si, Gyeonggi-do on the 5th

It has been confirmed that Gyeonggi Province Governor Lee Jae-myung awarded a commendation to a key figure of the Seongnam Urban Development Corporation's Strategic Business Team, also known as the 'Daejang-dong Team,' which played a leading role in the development process of Daejang-dong.

According to a Seongnam City Council official on the 5th, the Seongnam Urban Development Corporation received the "Local Public Enterprise Excellent Institution (Rapid Financial Execution) Gyeonggi Province Governor Award" on October 29, 2019. Individual awards were also given, with the recipient being Mr. Kim Amu-gae, the inaugural head of the Strategic Business Team at Seongnam Urban Development Corporation. He was recognized for his contribution to forming the 'Corporation Financial Rapid Execution Task Force' every first half of the year to closely cooperate among budget, funds, expenditures, and project departments to promote rapid execution. On October 31, 2019, Yoon Jung-soo, president of Seongnam Urban Development Corporation, stated at the city council, "(The Financial Rapid Execution Task Force) does not exist as a separate organization, but the Strategic Business Office (Team) performs that role."

The Strategic Business Team (currently the Strategic Business Office) is suspected of designing a profit distribution structure that allowed massive dividends to go to private developers in the public-private joint Daejang-dong development. The Strategic Business Team was established in October 2014, five months before the call for private developers for the Daejang-dong development, as an organization with a staff of five. Under Yoo Dong-gyu, then head of the Planning Headquarters at Seongnam Urban Development Corporation, the team drafted bidding guidelines setting criteria for selecting private developers and reviewed shareholder agreements determining the priority negotiator and profit-sharing ratios. It essentially drew the blueprint for the Daejang-dong preferential treatment allegations.

Key positions in the Strategic Business Team were occupied by networks of developers previously involved in the private development of Daejang-dong. It is known that the influence of accountant Jung Young-hak, owner of Cheonhwa-dongin No. 5, played a role in Mr. Kim Amu-gae joining Seongnam Urban Development Corporation. Accountant Jung has been a figure who promoted the private development of Daejang-dong alongside lawyer Nam Wook (owner of Cheonhwa-dongin No. 4) since 2009. Jung and Kim previously worked at the same accounting firm.

At the same time as Mr. Kim Amu-gae, lawyer Jung Amu-gae joined the Strategic Business Team at Seongnam Urban Development Corporation and served as head of the investment business part. He entered the corporation through an introduction by lawyer Nam and also participated as a judge when the consortium related to Hwacheon Daeyu, invested in by Nam, was selected as the priority negotiator.

The prosecution believes that former head Yoo formed the Strategic Business Team, hired Mr. Kim Amu-gae and Mr. Jung Amu-gae, who were respectively recommended by accountant Jung Young-hak and lawyer Nam Wook, both related to Hwacheon Daeyu, and subsequently enabled the Hana Bank consortium, which Hwacheon Daeyu participated in, to be selected as the priority negotiator.

Meanwhile, the Daejang-dong Team also received awards during Lee Jae-myung’s tenure as Seongnam mayor. In 2017, Seongnam City paid performance bonuses totaling 1.84 million won to four officials from the Development Project Division 1 of Seongnam Urban Development Corporation, who promoted the Pangyo Daejang-dong and First Industrial Complex urban development projects. This award was given as the Daejang-dong development project was selected as an "Excellent Field for Municipal Administration Development."

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