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BackAll LH executives and employees were reprimanded for violating property registration and real estate acquisition restrictions.
All LH executives and employees were reprimanded for violating property registration and real estate acquisition restrictions.
Politics
연합뉴스1 hour agoPolitics2 min readSouth KoreaView original

All LH executives and employees were reprimanded for violating property registration and real estate acquisition restrictions.

Korea Land and Housing Corporationproperty registrationReal estate acquisition restrictions

Quick Look

  • It was found that all executives and employees of Korea Land and Housing Corporation were reprimanded despite violating their obligations to register property and restrict real estate acquisition.
  • Representative Kim Mi-ae pointed out that the appropriateness of the level of disciplinary action should be checked.

AI-generated summary

Why It Matters

Korea Land and Housing Corporation executives and employees may be subject to disciplinary action if they violate obligations related to property registration and restrictions on real estate acquisition. There were similar violations in the past, but it was pointed out that the level of disciplinary action was low.

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Representative Kim Mi-ae "We need to check whether the level of disciplinary action is appropriate."

(Seoul = Yonhap News) Reporter Im Chang = All executives and employees of Korea Land and Housing Corporation (LH) who violated obligations related to property registration and real estate acquisition restrictions were found to have received reprimands, the lowest level of disciplinary action.

According to data submitted by LH on the 11th by People Power Party lawmaker Kim Mi-ae, a member of the Land, Infrastructure and Transport Committee of the National Assembly, a total of 382 cases of disciplinary action against LH executives and employees were counted from 2022 to August of this year.

Among these, there were 27 violations of the duty of good faith in property registration and 2 violations of real estate acquisition restrictions.

By year, there was 1 case in 2023, 10 cases each in 2024 and 2025, and 8 cases as of August this year, and the level of disciplinary action was all reprimands.

There were a total of 13 disciplinary actions related to receiving bribes or receiving bribes or entertainment, including 7 dismissals, 2 dismissals, 3 suspensions, and 1 pay reduction.

Rep. Kim pointed out that it is problematic that disciplinary action was limited to a reprimand despite repeated violations of obligations related to property registration and real estate acquisition restrictions in public enterprises in charge of land and housing affairs.

In addition, looking at the status of the investigation of executives and employees from February 2022 to August of this year based on the date of first notification, there were 8 cases in which convictions and fines were recorded, 4 cases were transferred to the prosecution, 1 case was in trial, and 6 cases were under investigation.

Rep. Kim said, "Although LH is a large public enterprise with a budget exceeding 51 trillion won this year and responsible for the people's housing, all disciplinary action for violations related to property registration and real estate acquisition restrictions were reprimands. As violations of real estate-related obligations are repeated, we must check whether the details of the violations and the level of disciplinary action were appropriate."

Open Questions

  • What specific guidelines or regulations were applied because the disciplinary action was all reprimands?
  • Are there any institutional supplementary plans to increase the level of disciplinary action in the future?

Related Topics

Korea Land and Housing Corporation
PeopleKim Mi-ae
OrganizationsPeople PowerNational Assembly Land, Infrastructure and Transport Committee
PlacesSeoul
Topicsproperty registrationReal estate acquisition restrictionsdisciplinereprimandKim Mi-aePeople Power
This article was originally published by 연합뉴스.

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