Original Landowners of Daejang-dong File 3 Billion Won Lawsuit Against Nam Wook and Jung Young-hak

Nam Wook, a key figure in the preferential treatment allegations related to the Daejang-dong development, is attending the warrant hearing held at the Seoul Central District Court in Seocho-gu, Seoul on the 3rd. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Kim Hyung-min] The original landowners of the Daejang-dong area in Seongnam-si, Gyeonggi-do have filed a lawsuit against lawyer Nam Wook and accountant Jeong Young-hak, demanding payment of 3 billion KRW.

According to the legal community on the 7th, A Jongjung recently filed a claim for 3 billion KRW in contractual damages at the Seoul Central District Court against lawyer Nam, accountant Jeong, lawyer Jo Hyun-sung, and Cheonhwa Dongin Nos. 4 to 6, which they own.

In 2009, A Jongjung had a land sale contract with C7, a private developer, while holding land in the Daejang-dong area. From 2009, lawyer Nam and accountant Jeong joined C7 and worked on shareholder arrangements to purchase land from the landowners. Lawyer Nam also served as the CEO of C7.

However, after LH and then Seongnam Mayor Lee Jae-myung promoted public development, the private development was halted, causing losses to C7 and the landowners. A Jongjung is reportedly claiming that based on the compensation terms of the land sale contract with C7 at the time, C7 should compensate the losses suffered by the Jongjung.

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