Democratic Party: "Candidate Joeunhee Suspected of Omitting and Falsifying Asset Declarations"

[Asia Economy Reporter Oh Ju-yeon] The Democratic Party of Korea announced on the 1st that Jo Eun-hee, the People Power Party candidate running in the Seoul Seocho-gap by-election, has been challenged by the Seocho District Election Commission for alleged false property declaration.

On the same day, the Democratic Party's election committee stated in a press release, "Candidate Jo is suspected of omitting or falsely reporting the type of property and land area of her spouse's building, the jeonse deposit for her eldest son, and invested capital."

Regarding the type of property and land area of the spouse's building, the committee compared the 'Candidate Property Declaration' submitted by Jo to the election commission with the registry of the building owned by her spouse located in Eunpyeong-gu, Seoul. They claimed that although the building is a multi-family house (urban lifestyle housing, one-room type), two units were falsely listed as apartments and eight units as commercial properties.

Furthermore, despite the existence of a separate land registry for the rental housing building, they pointed out that the land registration for each unit was incorrect. While the shared land area per unit varied from 4.7353㎡ to 18.3325㎡, each unit was reported as having 291㎡ of land.

Additionally, the building under the spouse's name located in Wonhyo-ro 3-ga, Yongsan-gu, Seoul, is registered as national rental housing and receives various tax and quasi-tax benefits such as property tax. However, only the 4th floor was rented to a third party with a deposit of 33 million KRW, while the 3rd and 5th floors were reported as rented to the eldest son for 13 million KRW.

The Democratic Party pointed out, "While the 33 million KRW jeonse deposit for the 4th floor rented by the spouse is recorded as the spouse's debt, the combined 13 million KRW deposit for the 3rd and 5th floors rented to the eldest son is not reported as debt," adding, "This indicates an omission in the debt amount in the property declaration."

They also mentioned that regarding the spouse, "Although 299.3 million KRW invested capital in 'Law Firm Class' was reported to the election commission, the 4.756 million KRW invested capital in 'The Keg Co., Ltd.' was not reported, raising suspicion of omission."

The Democratic Party stated, "Candidate Jo needs to provide sincere explanations and clarifications regarding the raised suspicions of false or omitted property declarations."

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