Deuk-goo Kang, member of the Democratic Party of Korea
Announcement of 1.7 billion KRW development levy in 2016… 0 won in 2017
photo = Yonhap News
Democratic Party lawmaker Kang Deuk-goo claimed on the 29th that the wife of Yoon Seok-yeol, a presidential candidate for the People’s Strength, made at least 20.5 billion won in profits while participating in the urban development project in the Gongheung district of Yangpyeong, Gyeonggi.
In a press release on the same day, Rep. Kang said, “At the time, only 10.5 billion won in capital gains from the land monopoly amounted to at least 20.5 billion won in addition to the 10 billion won in net profit that has been known so far.”
He disclosed a part of the ‘Yangpyeong Gongheung District Urban Development Project Development Fee Calculation Statement’ submitted by Yangpyeong-gun. According to the statement, Yangpyeong-gun notified the development charge of 1.7 billion won in 2016, but when Yoon’s mother-in-law Choi (Mr.
According to the data released by Rep. Kang, the ‘land price at the time of development’ is 6.388 billion won, the ‘land price at the end’ is about 17.83 billion won, and the ‘normal land price increase’ is about 947 million won. If the above figures are reflected, the land market gain that Choi received reaches 10.49 billion won, excluding the increase in the normal land price after subtracting the land price at the time of development from the land price at the end of the year.
Rep. Kang asserted, “The wife-in-law of candidate Seok-Yeol Yoon not only generated huge sales through the self-urban development project for land owned entirely by him, but also obtained huge profits by monopolizing land compensation, the largest cost item for urban development.”
Members of the Democratic Party’s Yoon Seok-yeol family’s corruption investigation special committee and Yoon Seok-yeol’s cover-up investigation and the 5 billion club fact-finding special committee will visit the Yangpyeong Gongheung district and Yangpyeong-gun office on the 30th.
Eunbit Koh, reporter at Hankyung.com silverlight@hankyung.com
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