'Real Estate Speculation Allegations' Opposition Lawmaker Kim Seung-su Referred to Prosecution... Third Incumbent

[Asia Economy Reporter Minji Lee] The police, who are investigating allegations of real estate speculation by members of the National Assembly, have sent Kim Seung-su, a member of the People Power Party representing Daegu Buk-gu Eul, to the prosecution on charges of violating the Farmland Act.

According to political circles and investigative authorities on the 1st, Representative Kim is suspected of not farming a 2,320㎡ rice paddy in Sangju, Gyeongbuk, which he received as a gift from his father.

This is the third case of a sitting lawmaker being sent to the prosecution on real estate speculation charges, following Democratic Party member Kim Kyung-hyeop, who is accused of failing to report the purchase of land in his constituency of Bucheon, and People Power Party member Jeong Chan-min, who was arrested on charges of receiving undue benefits from a housing construction company during his tenure as mayor of Yongin.

Earlier, after being included in the list of National Assembly members suspected of real estate speculation by the Anti-Corruption and Civil Rights Commission, Representative Kim issued a statement explaining, "The Gyeongbuk Sangju farmland in question was entrusted for management because my 93-year-old father found it difficult to farm it himself, and it was gifted to the children after my mother passed away," adding, "It has nothing to do with real estate speculation such as nominal trust or misuse of confidential information."

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