<Anchor> The news that

the employees of Korea Land and Housing Corporation's LH purchased 10 billion won (23,000 square meters) of land in Gwangmyeong and Siheung new towns is complaining about the news.

In addition to Gwangmyeong and Siheung, the government decided to initiate a thorough investigation into whether there is any speculation of land by LH employees in the third new cities, and is conducting self-investigation.

This is Hwa Kang-yoon reporter.

<Reporter> The

Ministry of Land, Infrastructure and Transport conducted a self-investigation with LH and confirmed that 13 employees first purchased Gwangmyeong and Siheung land before designation as a new city.

It has been confirmed that most of the employees who were suspicious of speculation were currently in charge of compensation for land as employees at headquarters in Seoul and Gyeonggi Province.

Some lands were divided into so-called'split' land immediately after the transaction, and the inference is that the size of the land was in line with the criteria for compensation for land compensation, that is, land compensation, so that the business expertise was utilized.

The reason why internal employees openly trade land in their own name is due to poor management and supervision and strict punishment conditions.

Employees of privately listed companies can also be imprisoned for 1 year or more if they use undisclosed information, but LH employees are imprisoned for up to 7 years only if they use business secrets.

[Attorney Kang-Hoon Lee/Executive Member of the Participation Solidarity: Even if the part was not managed as confidential information, it can be more regulated in terms of preventing conflicts of interest as public officials (a system is necessary.)]

The government conducted a thorough investigation on the entire site of Gwangmyeong and Siheung new towns, and at the same time initiated an investigation into whether there was any speculation of land by LH employees in other third new towns.

The survey targets included not only LH employees, but also government officials from the Ministry of Land, Infrastructure, and Transport.

The police also filed a complaint and started an investigation.

The Anti-Corruption Economy Crime Investigation Unit of the Gyeonggi Southern Police Agency is planning to start the investigation of the accuser in the afternoon of today (3rd) by receiving a complaint from a civil society active group about allegations of speculation by LH employees.