Finance minister apologizes for alleged land hypothesis at state housing company

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홍남기 “LH사태 국민께 송구…투기확인시 자금·탈세 조사”

South Korea’s finance minister, Hong Nam-ki, has issued a public apology over the scandal on the Korea Land and Housing Company… wherein a number of officers are accused of creating speculative land purchases… in areas that have been lately slated for brand spanking new improvement.
The case remains to be beneath investigation, however he mentioned any wrongdoing shall be met with zero tolerance.
Min Suk-hyen stories.
Finance Minister Hong Nam-ki made an official apology on Sunday over the allegations that a number of staff on the Korea Land and Housing Company, or LH, made speculative land purchases… utilizing categorised data… in areas now a part of a improvement mission simply outdoors of Seoul.
After presiding over an unscheduled assembly with ministers associated to the actual property market, the finance minister issued a honest apology to the general public, saying he feels accountable.
“As a minister in command of managing the economic system and public establishments, I want to specific my deepest apologies to the general public.”
He additionally mentioned {that a} probe is underway, and vowed to take stern motion in opposition to the staff if the accusations of land hypothesis are discovered to be true.
“If hypothesis is confirmed to have occurred, it is going to be met with zero tolerance. We are going to launch an investigation, take formal disciplinary motion and extra.”
A joint authorities probe was launched on Thursday quickly after complaints have been filed accusing former and present staff at LH of shopping for lands in Gwangmyeong and Siheung …earlier than the federal government included the 2 cities in Gyeonggi-do Province in its newest improvement initiatives.
Over the three years from 2018 to 2020, the staff are accused of shopping for 23-thousand sq. meters of property within the two areas for round 9 million U.S. {dollars}.
Minister Hong pledged to stop such incidents from occurring once more and urged the general public to place confidence in the federal government’s housing plans.
The federal government shall be discussing additional particulars of countermeasures in opposition to illicit funding in a ministerial assembly this Wednesday.
Min Suk-hyen, Arirang Information.


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2021-03-07, 18:00 (KST)


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