Daejang-dong Residents File Criminal Complaint with Prosecutors Against Lee Jae-myung and 15 Others for Breach of Trust

Lee Jae-myung, the General Election Committee Chairman of the Democratic Party of Korea, is delivering a greeting at the launch ceremony of the Democratic Party of Korea's Integrated Election Committee and the certificate awarding ceremony for the simultaneous local elections and by-elections held at the National Assembly on the 11th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Kim Hyung-min] Original residents living in Daejang-dong, Seongnam-si, Gyeonggi-do, have filed a complaint with the prosecution against Lee Jae-myung, Senior Advisor of the Democratic Party of Korea, accusing him of committing a serious crime by abusing eminent domain rights to funnel astronomical profits to Hwacheon Daeyu Asset Management (Hwacheon Daeyu).

On the 11th, 33 original residents of Daejang-dong, including Lee Ho-geun, and the Jungjong branch of the U-gye Lee clan, who formed a concentrated village in Daejang-dong, submitted a complaint to the Seoul Central District Prosecutors' Office requesting punishment for Lee, former Seongnam Urban Development Corporation president Hwang Ho-yang, Hwacheon Daeyu major shareholder Kim Man-bae, CEO Lee Seong-moon, and 15 others on charges of breach of trust under the Special Act and violation of the Urban Development Act.

This is the first time that original residents of Daejang-dong have initiated a criminal lawsuit related to the project implementation.

The complainants claimed that Lee and others overlooked the fact that 'Seongnam's Garden,' the project implementation company for the Daejang-dong development project, ignored the conditions for private contracts specified in the Urban Development Act and supplied five plots (totaling 150,109㎡) through private contracts with Hwacheon Daeyu, resulting in unfair profits exceeding 300 billion KRW.

They also added that when reviewing and submitting the illegal project plan, officials from Seongnam City, Seongnam Urban Development Corporation, and Hwacheon Daeyu closely colluded, and that Lee, who was then the mayor of Seongnam City, approved the project despite knowing that the private contract with Hwacheon Daeyu was illegal. They emphasized that Lee knowingly gave false testimony at the Gyeonggi-do National Assembly inspection in October last year, claiming that there was a legal basis for Hwacheon Daeyu's private contract.

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