Lee Jae-myung: "You don't know that the disaster relief fund for Seongnam citizens is part of the Daejang-dong development profits, right?"

[Asia Economy=Reporter Lee Young-gyu] Lee Jae-myung, the Democratic Party presidential candidate and Governor of Gyeonggi Province, revealed that about 100 billion won of the recovered profits from the Seongnam Daejang-dong public development project, which he reclaimed during his tenure as mayor of Seongnam, was distributed as disaster relief funds for Seongnam citizens.

On the 14th, Lee posted on Facebook an article titled "How to Make Rice Cakes Appear Even While Sleeping," stating, "When I promoted the Daejang-dong public development project during my time as mayor of Seongnam, I told the citizens of Seongnam, 'If you elect a good mayor, rice cakes will appear even while you sleep,'" beginning his remarks.

He continued, "With half success, we spent 270 billion won to turn Seongnam's original downtown 1st industrial complex into a park, and also took on tunnel and road construction costing 92 billion won, using the saved budget to implement welfare policies," adding, "But since these are not easily felt, some conservative media's distorted reports have prevented my administration from being properly evaluated," expressing his regret.

He particularly explained, "Out of the recovered profits, 182.2 billion won was intended to be distributed as a 'citizen dividend' of 500,000 to 600,000 won per household in Seongnam to provide a sense of political efficacy," adding, "However, I regretted not being able to implement this after resigning as mayor in March 2018 to run for Governor of Gyeonggi Province, but my successor (Eun Soo-mi) took out 100 billion won and distributed 100,000 won per person as disaster relief funds."

Lee added, "The citizens of Seongnam probably do not know that the 100,000 won is part of the 550.3 billion won in Daejang-dong development profits that I fought for years against construction interests and the People Power Party forces to reclaim."

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