Regarding the suspicion that LH employees purchased land for speculation before designating Gwangmyeong and Siheung new cities, President Moon Jae-in said, “For the entire 3rd new city as well as Gwangmyeong and Siheung, the Ministry of Land, Infrastructure and Transport, LH, and related public institutions related to the development of new housing sites. "We will conduct a thorough investigation of land transactions for department workers and their families."
Spokesman Kang Min-seok of the Blue House said, "President Moon has instructed the government on three matters concerning the allegations of speculation in Gwangmyeong and Siheung."
Spokesman Kang also said, "The Prime Minister's Office will conduct a thorough investigation, but jointly with the Ministry of Land, Infrastructure and Transport will invest enough manpower to respond seriously, such as requesting an investigation to ensure that no doubt remains, and that no illegal matters remain, and allegations of speculation on new housing sites will be prevented in advance. In order to do so, we will quickly come up with institutional measures,” he added.
(Photo = Yonhap News)