The government will look into the regulations to see if it can recoup excessive profits private developers pocket from real estate development projects. It was a response to a Seongnam governmennt development project scandal.
A man owns a 164.25 square-meter (1,768 square foot) apartment in Sunae-dong, Bundang-gu, Seongnam. There is a subway station connected to a department store right in front of the complex. The complex has an elementary school and...
The state-owned Land and Housing Corp. (LH) was fined 565 million won ($483,300) by the antitrust agency for unfair penalties on investors in a new town development in Gimpo.
State-owned developer Land and Housing Corp. (LH) saw its evaluation drop sharply compared to last year as it became the center of controversy earlier this year after some of its employees were accused of using insider information for land purchases.
Even pro-government Prosecutor General Kim Oh-soo is resisting the Moon Jae-in administration’s attempt to diminish the independence of the prosecution. On Tuesday, the Supreme Prosecutors’ Office squarely opposed Justice...
The government has announced a reform plan on state-run Korea Land and Housing Corporation (LH) three months after some of its employees were suspected of having used inside information to purchase lands sites for new town...
Land and Housing Corp.’s (LH) headcount is to be cut 20 percent, and the number of senior employees prohibited from taking jobs at companies in related businesses will be increased to 529 from seven.
Prime Minister Kim Boo-kyum announced Wednesday the government has investigated 2,800 people and referred 529 to prosecutors as part of the official probe into land purchases made using inside information by government and public company employees.
The National Police Agency's special task force said Monday it has arrested four employees of state-run companies and government bodies to date and obtained court confiscation orders on such illegally acquired assets.
Civil service unions are angry after the administration said all government employees will be required to disclose their assets.