Police Summon Seongnam Dogae Public Corporation 1st Division Chief... Investigating Circumstances of Excess Profit Clause Deletion

[Asia Economy Reporter Jang Sehee] The dedicated investigation team of the Gyeonggi Nambu Police Agency (Team Leader Song Byeongil), which is investigating allegations of preferential treatment in the Daejang-dong development project in Seongnam City, summoned Kim Mungi, Head of Development Division 1 at Seongnam Urban Development Corporation, who led the development project, for questioning on the 18th.

Kim appeared as a witness and reportedly responded regarding the circumstances under which the clause for recovering excess profits was omitted from the business agreement with Hwacheon Daeyu during the development project.

Han Mo, a staff member of Development Team 1 (currently team leader), included the excess profit recovery clause in a review opinion on the business agreement on May 27, 2015, after the selection of private developers for Daejang-dong, but removed the clause seven hours later and reported this to Kim, who was then the team leader.

The police are known to have questioned Kim, considered a close aide of former Planning Headquarters Director Yoo Donggyu of Seongnam Urban Development Corporation, about whether the omission of the excess profit recovery clause was under Yoo’s instructions.

The police have been summoning and investigating executives and employees of Seongnam Urban Development Corporation consecutively, including former inaugural president Hwang Museong, who was summoned the previous day.

After completing the police investigation, former President Hwang responded to reporters asking whether former Director Yoo was the real power and if he led the Daejang-dong development project by saying, "Yes."

A police official stated, "It is true that witness questioning is being conducted, but we cannot disclose who the subjects are or the details of the investigation as the investigation is ongoing."

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