Oh Se-hoon: "Lee Jae-myung, who told us to learn from Daejang-dong... Upon closer look, it's a 'Textbook of Corruption'" Criticism

"Yoo Dong-gyu, Merely a Site Supervisor"

Gyeonggi Province Governor Lee Jae-myung and Seoul Mayor Oh Se-hoon (from left). / Photo by Yonhap News

[Asia Economy Reporter Na Ye-eun] Seoul Mayor Oh Se-hoon criticized Gyeonggi Province Governor Lee Jae-myung's alleged preferential treatment in the Daejang-dong development, calling it a "textbook case of corruption" and a "legend of corruption" that "used public development as a pretext to put the valuable property of Seongnam citizens directly into the pockets of speculative real estate investors and brokers."

On the 6th, Mayor Oh posted on his social media (SNS), "Governor Lee Jae-myung said other local governments should learn from this, so I looked into it carefully," and pointed out, "Under the pretext of public participation, land was acquired at a low price, and the developed lots were sold to the private sector, avoiding the price ceiling system, allowing apartments to be sold at high prices, which made the project implementers earn huge profits."

He continued, saying that the Daejang-dong development project would have been impossible without Governor Lee's involvement, and asked, "Who exactly decided on the brilliant strategy of establishing the Seongnam Urban Development Corporation to utilize the clause that a corporation with more than 50% public investment can have compulsory acquisition rights, and having it participate in the Daejang-dong project with '50% + 1 share'?"

He also claimed, "Governor Lee Jae-myung is the chief architect of this project, and former Seongnam Urban Development Corporation Planning Director Yoo Dong-gyu was merely the on-site supervisor."

Photo by Oh Se-hoon, Mayor of Seoul, Facebook capture

Regarding the Seongnam Urban Development Corporation, Mayor Oh said, "Local public corporations have exclusive development rights, land acquisition rights, and the right to propose changes in land use zones. The Seongnam Urban Development Corporation is no exception," and added, "There is no 'legitimate development company' with such overwhelming authority anywhere else in the world."

Mayor Oh stated that during his past tenure, Seoul City and SH Corporation sold land cheaply in areas like Munjeong and Balsan, reflecting the low purchase price. He criticized former Seoul Mayor Park Won-soon for selling the Magok area, which he had secured cheaply, at twice the price of Balsan, asking, "Is this the so-called 'special trait' of Democratic Party local leaders?"

He also questioned the prosecution and police, saying, "They energetically searched Seoul City for seven hours to find out if I was involved in the Pi City case, so why haven't they searched Seongnam City Hall?" and asked, "Are they giving time to destroy evidence?"

Mayor Oh urged Governor Lee, "Please take responsibility for your own words claiming to be the architect of the Daejang-dong project," and added, "I hope you will make a decisive move when you have the opportunity, so that we can at least learn an attitude of admitting policy failures and mistakes."

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