Lee Jae-Myung If Elected Says He Will Launch Real Estate Supervisory Service and Force Koreans to Sell Their Land
Look who wants to start a real estate corruption agency, the person accused of being involved in a massive real estate scandal:
Lee Jae-myung, the presidential nominee of the ruling Democratic Party, has said that, if elected, he will launch a real estate supervisory service in an effort to root out corruption in the property market.
Lee made the remark during an interview with Yonhap News Agency on Friday, saying he would give the service powers to conduct investigations into any irregularities that arise in the real estate market.
The pledge comes as Lee has been accused of involvement in a massive corruption scandal surrounding an apartment development project undertaken in Seongnam, south of Seoul, in 2015 when he was the city’s mayor.
“We have to create a real estate supervisory service with actual powers to wield investigative authority and investigate every day,” Lee told Yonhap at a hotel in Seongnam.
Yonhap
This is what people in Korea should probably be concerned about:
If the envisioned supervisory service is launched, he said it will look into irregularities, such as speculative purchases of farmland, and force the sales of plots that are not being used for farming.
So if you have a plot of land you are holding on to for whatever reason Lee will make you sell it. If elected people better hurry up and put a hobby garden on whatever land they own.
May the Lord judge him fairly.
A fanatical Trump supporter bad mouthing a foreign presidential candidate. An irony of ironies. Why? Because he won’t tow the US line or suck American a$$.
.. or maybe it has nothing to do with Trump and is just an observation that Land Reform frequently ends in starvation.
Just so you know, KM; it’s “toe the line”.
LJM trying to be more communist than commie moon.
Considering that there is a base within the liberal camp that strongly believes in controlling real estate prices, Lee Jae Myung can’t afford to ignore them.
However considering two DPK presidents tried and failed in their attempts to control real estate prices, me thinks it’s about time that the DPK move away from trying to control real estate prices and invest more time and money into building more affordable housing.
Of course that means spending money that could be spent on prestige projects and putting in a lot of effort, so what better way than to pass the buck and put the burden on the ordinary Korean who happens to own land and/or apartments.