Yoon Seok-yeol: "The Habitual Embezzlement by Lee Jae-myung Family is 'Robbery of the People'"

Yoon's Focused Offensive on Lee Jae-myung
Mentions Various Suspicions Including Baekhyeon-dong Retaining Wall Apartment

[Image source=Yonhap News]

[Asia Economy Reporter Park Jun-yi] Yoon Seok-yeol, the presidential candidate from the People Power Party and former Prosecutor General, mentioned various allegations of preferential treatment related to the Daejang-dong development project and the Baekhyeon-dong retaining wall apartments, which involve Lee Jae-myung, the Democratic Party presidential candidate (current Governor of Gyeonggi Province), stating, "I will stop the Lee Jae-myung family's plundering of the people."

On the 17th, Yoon said on Facebook, "Looking at the various newly revealed preferential treatment allegations following the Daejang-dong gate, Lee's habitual breach of trust is evident."

He focused on the preferential treatment allegations concerning the 'Seongnam Baekhyeon-dong retaining wall apartments.' Yoon said, "In 2015, then Mayor of Seongnam Lee Jae-myung changed the land use of the former Korea Food Research Institute site in Baekhyeon-dong from 'natural green area' to 'quasi-residential area,' upgrading it by four levels. This land had failed to sell eight times due to no land use changes, but as soon as Kim In-seop, who was Lee's campaign headquarters chief, joined the developer, a land use change review was received within a month, and the actual land use change was granted several months later. All of this was done by Lee."

He continued, "Due to Lee's preferential treatment, the developer earned a massive sales profit of 314.2 billion KRW. His close aide Kim demanded a 25% stake from the developer and received 7 billion KRW after a lawsuit," adding, "Could this have been due to lobbying related to Seongnam City's permits?"

Yoon called this a "clear act of plundering the people," pointing out, "Lee used the power of the mayor, who holds permit authority, to seize the people's property and funnel it to his close aides and private companies."

He also mentioned the 'preferential treatment allegations related to the Seongnam Baekhyeon Amusement Park site.' Yoon said, "A private company commissioned by Seongnam City to conduct research on the site development plan won a long-term lease contract for 30 years through a non-competitive 'private contract.' The same company both planned and secured the project rights, receiving the special benefit of a 30-year contract period."

He added, "The private company only has to pay a few hundred million KRW annually, which is just 1.5% of the asset value, as land rent," criticizing, "Since Seongnam City only receives a few hundred million KRW, the suspicion of breach of trust is strong." He also said, "A former executive of a Seongnam City-affiliated organization worked at this private company," noting, "Lee's close aides appear in all projects with allegations."

Yoon stated, "The 'habitual breach of trust' committed by the Lee Jae-myung family is plundering the people and betraying the nation," adding, "They privatized the power entrusted by the people for personal gain. The victims are the people and the Republic of Korea."

Finally, he emphasized, "What would happen if Lee becomes president? I will protect the people's property."

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