'Yoo Dong-gyu→Camp→Lee' Daejang-dong Memo... Jung Young-hak "Yoo Dong-gyu Reported to Lee Jae-myung"

Former Seongnam Urban Development Corporation Director Yoo Dong-gyu is attending the trial related to the Daejang-dong development project lobbying and preferential treatment allegations at the Seoul Central District Court in Seocho-gu, Seoul, on October 28. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Kim Daehyun] Court testimony revealed that former Seongnam Urban Development Corporation Planning Director Yoodonggyu communicated with Lee Jaemyung, then mayor of Seongnam and current leader of the Democratic Party, reporting the development method desired by the Daejang-dong group.

On the 4th, the Seoul Central District Court Criminal Division 22 (Presiding Judge Lee Jooncheol) held a continuation trial involving former Director Yoo, Hwacheon Daeyu Asset Management (Hwacheon Daeyu) major shareholder Kim Manbae, accountant Jung Younghak, and lawyer Nam Wook.

In court that day, a summary memo prepared by accountant Jung between May and July last year and submitted to the prosecution was presented. Jung explained that the memo was a summarized diagram based on audio recordings he made between 2012 and 2014.

The memo contained a timeline of the Daejang-dong project, including the establishment of Seongnam Urban Development Corporation in September 2013, the announcement of district designation in May 2014, the public offering for private developers in February 2015, and the selection of Seongnam's Deul as the preferred negotiator in March 2015. Notably, at the top, Jung’s handwriting read 'Yoodonggyu→Camp (Jung Jinsang, Kim Yong)→Lee.'

When lawyer Nam’s side asked about the meaning of 'Lee,' accountant Jung replied, "(Mayor) Lee Jaemyung." Regarding 'Camp,' he claimed, "It refers to Jung Jinsang (current Deputy Director of the Democratic Research Institute) or Kim Yong (current Political Coordination Officer in the Democratic Party leader’s office)," adding, "It was written to mean people associated with Mayor Lee Jaemyung."

Furthermore, accountant Jung stated, "On July 2, 2013, when the 'Korean version of Beverly Hills' was announced, the recording shows former Director Yoo consulted with Deputy Director Kim and Officer Jung and reported that the project would not proceed and that low-rise row houses would not be allowed. This means he reported everything and discussed it." Private developers and investors who wanted to build high-rise apartments to increase profits opposed this, and former Director Yoo reportedly conveyed these opinions to Lee’s side.

Earlier, on July 1, 2013, Lee announced at a press conference marking his third anniversary as Seongnam mayor that he would develop Daejang-dong into the 'Korean version of Beverly Hills.'

The Daejang-dong development project was changed to a separated development method in 2016. The prosecution believes that the development proceeded as the Daejang-dong group desired, allowing them to reap enormous profits.

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