[전문] LH public apology for allegations of speculation in Siheung, Gwangmyeong

(Seoul = Yonhap News) Reporter Hong Guk-gi = Korea Land and Housing Corporation (LH) issued an apology to the public on the 4th in relation to employees suspected of speculating on land in Siheung New City, Gwangmyeong. The following is the full text of the apology.

▲ The Korea Land and Housing Corporation was shocked and disappointed to the public due to the suspicion of speculation by some of its employees in the Gwangmyeong Siheung District. I bow my head and apologize.

Despite the fact that KDHC is a public institution that should give hope to people who are suffering from the unrest in the real estate market, we are fully aware of the responsibility for the failure of employees to fulfill their duties as public officials.

In cooperation with the government, we will conduct a thorough investigation of the land transaction status of employees and families of related departments for the entire 3rd new town as quickly as possible, and we will make every effort to find out the facts so that the public does not have any doubts.

If any violations are found, we will take strict measures in accordance with the laws and regulations.

Taking this situation as an opportunity, we will establish the discipline of public service by innovating the internal organization on a large scale and powerfully. We will promptly implement countermeasures to prevent recurrence so as not to cause public resentment again due to suspicion of speculation.

We will introduce a system for pre-reporting land transactions for all employees and their families, and conduct a thorough investigation into whether employees and families of related departments own land when promoting new projects.

If unreported or illegal or improper land transactions are confirmed as a result of the investigation, we will impose high penalties such as disadvantages in personnel matters.

I sincerely apologize again for causing concern to the people. In the future, we will be reborn as a trusted Korea Land and Housing Corporation by implementing a housing stability policy without shaking.

Dear employees of Korea Land and Housing Corporation.