Choi Chunsik, "The Daejang-dong task force also conducted feasibility study for Pocheon Urban Corporation"... Calls for investigation raised

"President Yuhan-gi Leads 'Naeri Urban Development Project' Using Same Method as Daejang-dong"

National Assembly Public Administration and Security Committee, Choi Chun-sik, Member of the People Power Party (Pocheon·Gapyeong) [Office of Member Choi Chun-sik]

[Asia Economy Reporter Ra Young-chul] Choi Chun-sik, a member of the National Assembly’s Public Administration and Security Committee from the People Power Party (representing Pocheon City and Gapyeong County, Gyeonggi Province), stated on the 6th, "Yoo Han-gi, president of Pocheon Urban Corporation (former head of the Development Business Headquarters at Seongnam Urban Development Corporation), who is alleged to be a key figure in the 'Daejang-dong scandal' along with Yoo Dong-gyu, former head of the Planning Headquarters at Seongnam Urban Development Corporation, was involved in conducting the 'feasibility study team for the Daejang-dong development project' which also carried out the 'feasibility study for the establishment of Pocheon Urban Corporation.'"

According to Assemblyman Choi Chun-sik, after obtaining and analyzing the 'Feasibility Study Report for the Establishment of Pocheon Urban Corporation,' it was revealed that the study was conducted by the 'Korea Economic Research Institute' located in Seongnam, which had also been commissioned to conduct the feasibility evaluation for the Daejang-dong development project.

The Korea Economic Research Institute is under suspicion for having conducted a shoddy evaluation within three weeks after being commissioned by Seongnam Urban Development Corporation for the Daejang-dong development project feasibility study, which was valued at over 1 trillion won.

In 2019, during the feasibility study for the establishment of Pocheon Urban Corporation, the institute concluded that "urban regeneration projects are highly public-interest-oriented projects, and therefore, a corporation should be established for regional development and profit generation." Subsequently, Pocheon Urban Corporation was launched in June of that year.

Seong, the general director of the Korea Economic Research Institute who led the study, had also been responsible for the feasibility evaluation of the Daejang-dong development project. Two other staff members, including Kim, participated in both studies.

Seong served as the representative of the 'Seongnam Policy Forum,' which was launched in December 2010 after Governor Lee Jae-myung was elected mayor of Seongnam in July 2010.

Kim Byung-wook, a member of the Democratic Party who co-served as the forum’s co-representative with Seong, currently serves as the head of the functional division at Lee Jae-myung’s presidential campaign.

Yoo Han-gi previously served as the head of the Development Business Headquarters at Seongnam Urban Development Corporation. He is also identified as a key figure in the Daejang-dong development corruption allegations alongside Yoo Dong-gyu, former head of the Planning Headquarters at Seongnam Urban Development Corporation and a close aide to Governor Lee.

Yoo is reported to have been responsible for the practical work of the Daejang-dong project at Seongnam Urban Development Corporation. Notably, there are claims that "Yoo Dong-gyu was the real power at Seongnam Urban Development Corporation, called 'Yoo One,' and Yoo Han-gi, recruited by Yoo Dong-gyu, was called 'Yoo Two.'"

Meanwhile, in Pocheon, it is known that the 'Naeri Urban Development Project' in Naechon-myeon, led by Yoo, is being promoted using the same special purpose company (SPC) method as the Daejang-dong development project.

The 'Naeri Urban Development Project' is a public-private joint development project to build approximately 1,300 apartment units on a site of about 80,000 square meters.

After selecting a private developer and establishing a special purpose company (SPC), the corporation holds 51% of the shares while the private developer holds 49%, a structure similar to that of the Daejang-dong development project, drawing criticism.

Assemblyman Choi Chun-sik emphasized, "The starting point of the 'Daejang-dong development project,' which caused relative harm to original residents through forced land expropriation and left enormous profits to certain groups such as Hwacheon Daeyu, was a faulty feasibility evaluation. Since the same study team was involved in the establishment of Pocheon Urban Corporation, a comprehensive investigation into Pocheon urban development projects is necessary."

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