Former Vice Minister Accused of Corruption Over Controversial Property Investment
Lee Sang-kyung, the former first vice-minister of the Ministry of Land, Infrastructure, and Transport, has come under fire following revelations that he purchased a high-priced apartment valued at over 3 billion won through a so-called gap investment method. This controversy has led to a citizen group filing a complaint against him.
According to Yonhap News on the 25th, the Citizens Livelihood Countermeasures Committee reported that they filed a complaint with the Seoul Police Agency the previous day, accusing the former vice-minister of abuse of power, defamation, and violations of the State Public Officials Act and the Conflict of Interest Prevention Act.
The committee specifically pointed to a statement made by Lee during a YouTube broadcast, where he suggested, "You can buy a house when prices drop." They criticized this as an act of deceiving and belittling the public, asserting that it constitutes a violation of the State Public Officials Act and defamation.
The complaint also highlighted that Lee’s spouse purchased a 3 billion won apartment located in Bundang, Seongnam, last July using the gap investment strategy, which they claim amounts to abuse of power and a violation of the Conflict of Interest Prevention Act.
On the evening of the 24th, Lee announced his intention to resign from his position as vice-minister to Kim Yoon-deok, the Minister of Land, Infrastructure, and Transport, who subsequently approved his dismissal on the same day.
According to Yonhap News on the 25th, the Citizens Livelihood Countermeasures Committee reported that they filed a complaint with the Seoul Police Agency the previous day, accusing the former vice-minister of abuse of power, defamation, and violations of the State Public Officials Act and the Conflict of Interest Prevention Act.
The committee specifically pointed to a statement made by Lee during a YouTube broadcast, where he suggested, "You can buy a house when prices drop." They criticized this as an act of deceiving and belittling the public, asserting that it constitutes a violation of the State Public Officials Act and defamation.
The complaint also highlighted that Lee’s spouse purchased a 3 billion won apartment located in Bundang, Seongnam, last July using the gap investment strategy, which they claim amounts to abuse of power and a violation of the Conflict of Interest Prevention Act.
On the evening of the 24th, Lee announced his intention to resign from his position as vice-minister to Kim Yoon-deok, the Minister of Land, Infrastructure, and Transport, who subsequently approved his dismissal on the same day.
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