Rep. Kim Seung-su Sent to Prosecution Over Real Estate Speculation Allegations... Third Sitting Lawmaker Involved

Police Agency building.

[Asia Economy Reporter Lee Gwan-joo] The police investigating allegations of real estate speculation by members of the National Assembly have reportedly sent Kim Seung-soo, a member of the People Power Party representing Daegu Buk-gu Eul, to the prosecution.

According to intelligence agencies and political circles on the 1st, Kim is said to have been charged with violating the Farmland Act. Kim is accused of receiving about 2,300 square meters of rice paddies as a gift from his father and not farming the land himself.

Kim was previously included in the list of real estate speculation suspects investigated by the Anti-Corruption and Civil Rights Commission. At that time, Kim issued a statement saying, "The farmland in Sangju, Gyeongbuk, which became an issue, was entrusted for management because my 93-year-old father this year found it difficult to farm it himself, and after my mother passed away, it was gifted to the children," adding, "This has nothing to do with real estate name trust or insider trading related to real estate speculation."

The National Police Agency's National Investigation Headquarters explained that among 33 current and former lawmakers under investigation for real estate speculation allegations, three have been sent to prosecution. This is the third case of a sitting lawmaker being sent to prosecution, following Kim Kyung-hyup of the Democratic Party, who was accused of purchasing land without reporting it, and Jeong Chan-min of the People Power Party, who was arrested on charges of receiving undue benefits from a company during his tenure as mayor of Yongin, Gyeonggi Province.

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