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Following the arrest of Yoo Dong-gyu, the former general manager, and Kim Man-bae also under investigation, the prosecution's investigation is accelerating. There are dozens of allegations of preferential treatment for the development of Daejang-dong, including the names of the characters and companies that appear, and the interests are intricately intertwined. So, we have summarized the allegations raised so far and the issues that need to be revealed in the investigation.
Correspondent Yoon-sik Jeong.
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920,000 square meters in Daejang-dong, Bundang-gu, Seongnam-si.
Seongnam Mayor Lee Jae-myung, who took office in 2010, announced that the project would be promoted as a public development.
[Lee Jae-myung / Seongnam Mayor at the time (2011): I plan to use these projects, such as investment in infrastructure or expansion of welfare facilities for residents, so that the hundreds of billions of development profits generated by developing the Daejang-dong area can be shared by all citizens.]
However, as the issuance of municipal bonds in Seongnam City failed and financing became difficult, Mayor Lee Jae-myung changed the development method to a public-private partnership rather than a public-private partnership.
When the shackles of public development on the yolk land, which had been tied up with the green belt, were lifted, the project proceeded smoothly.
In 2015, for the Daejang-dong development project, a special purpose corporation 'Seongnam's Garden' was created by combining Seongnam Urban Development Corporation and a private operator, and the Hana Bank Consortium led by Hwacheon Daeyu was selected as the private operator.
Since then, the Daejang-dong development project will return astronomical profits to private operators, even after deducting the public interest secured by Seongnam City for reasons such as the price increase.
Hwacheon Daeyu and its affiliates, Cheonhwa-dongin Nos. 1 to 7, have received dividends of over 400 billion won in the past three years alone, and are expected to earn hundreds of billions of won in additional profits by directly participating in the Daejang-dong sales project.
How did Hwacheon Daeyu and Cheonhwa Dongin achieve such huge profits?
The answer lies in how revenue is shared.
Seongnam Urban Development Corporation, which owns a 50% stake, has set an upper limit to not receive more than 182.2 billion won in dividends, whereas Hwacheon Daeyu and Cheonhwa Dongin, which have only 7% stake, did not have this limitation.
Due to the steep rise in real estate prices at the time, land prices in Daejang-dong soared every year, and the profits went straight to Hwacheon Daeyu and Cheonhwadongin.
The first question that needs to be resolved is whether Seongnam City deliberately gave an advantage to Hwacheon Daeyu by creating such a profit distribution structure.
At that time, Seongnam Urban Development Corporation's planning division head Dong-gyu Yoo was at the center of the suspicion.
He is designated as the designer of the Daejang-dong project.
At the time, there was an opinion among the working group that there should be a mechanism for recovering the excess profit if the private business operator has excessive profit.
However, this comment disappeared after 7 hours.
[Lee, Hyun - Chul / Seongnam City Development Corporation developed two Dean (last 6 days): That is a I do not know, it was determined thing missing ever would have been the contract has been completed (in the contest guidelines)
are likely to have a genetic Head of involvement in the process It is being raised, but former general manager Yoo denied that he had ever talked about business with Mr.
[Yoo Dong-gyu / Former Head of Planning Division of Seongnam Urban Development Corporation (last month 30): I knew (Kim Man-bae) 100% as a reporter. I never brought up the story of Daejang-dong at all.]
However, the prosecution believes that former general manager Yoo received 500 million won from Mr. Kim and is investigating under what name he received the money.
There are several people who hold the key to the suspicion of Daejang-dong.
Attorney Min-Yong Jeong, who worked under former general manager Yoo during the Daejang-dong business selection process.
After the two retired, they started a company called Yuwon Holdings and are working together, so lawyer Jung is considered to be the person holding the key to the allegations of corruption of former general manager Yoo.
Attorney Nam Wook, who is a senior at Lawyer Jung's college and the owner of Cheonhwadongin No. 4
Accountant Jeong Young-hak submitted 19 recordings of preferential treatment and lobbying to the prosecution in the process of financial threats between lawyer Nam, who is fleeing to the United States after receiving more than 100 billion won from the Daejang-dong project.
And Kim Man-bae, the owner of Hwacheon Daeyu, who leads these Daejang-dong families, is at the center of allegations of preferential treatment and lobbying.
Investigations into former and current lawyers suspected of being reliable behind Mr. Kim and Hwacheon Daeyu are also ongoing.
Rep. Kwak Sang-do, whose son received 5 billion won in the name of severance pay while working at Hwacheon Daeyu.
[Mom Kwak / Son Sang-do Kwak (last 8 days): (Can 5 billion won be a severance pay in common sense?) …
…
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Former Special Prosecutor Park Young-soo, whose daughter, who also worked at Hwacheon Daeyu, sold an apartment in Daejang-dong.
Before and after Governor Lee Jae-myung's acquittal, Kim went in and out of the Supreme Court's office at will, and former Supreme Court Justice Kwon Soon-il, who received a large amount of money as an advisor to Hwacheon Daeyu after retirement, is also being pointed out as a member of the 5 billion promise group that Kim was trying to take care of.
(Video coverage: Seo Jin-ho, Video editing: Won-hee Won, Ji-hye So)