Gong Young-un ‘suspicion of speculation’ Yang Moon-seok ‘expedient loan’… Democratic candidates at the center of controversy
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On the 28th, the first day of the official campaign for the April 10 general election, opposition party candidates were embroiled in a series of property controversies, including ‘gifts by trick.’
Democratic Party candidate Gong Young-woon (Hwaseong-eul, Gyeonggi-do) was controversial for gifting a house worth 3 billion won to his son in his 20s, while Yang Moon-seok (Ansan Gap, Gyeonggi-do), a candidate for the same party, received a loan in the name of his daughter, a college student in her 20s. It was revealed that 1.1 billion won was mobilized to purchase an apartment.
Gong Young-woon, Gyeonggi Hwaseul candidate of the Democratic Party of Korea (left) and Yang Moon-seok, Gyeonggi Ansan Gap candidate of the Democratic Party of Korea. Yonhap News·Newsis
On the 28th, Lee Jun-seok, leader of the New Reform Party, said to Gong Young-woon, the Democratic Party candidate competing in Hwaseong-eul, Gyeonggi-do, “Who in Korea would give their son a house worth 3 billion won in Seongsu-dong as a gift after being discharged from the military?”
Representative Lee said on Facebook on this day, “It is said that Candidate Gong Young-woon gifted a building in Seongsu-dong worth 3 billion won to his son born in 1999,” and “Even now, when I took off the register for that house, it is said that there is not a single mortgage. “In 2021, my 22-year-old son, who is serving in the military, said he gave it as a gift a month before he was discharged, so he thought it was a gift from discharge.”
Gong Young-woon, the Democratic Party’s candidate for Hwaseong-eul, Gyeonggi Province, faced controversy after it was revealed that he donated a house worth 3 billion won to his son in his 20s. He said, “I accept that gifting a house to a child serving in the military does not meet the public’s standards.” .
In a statement released on this day, Candidate Kong said, “In 2017, when I was vice president of Hyundai Motor Company, I purchased a house in the redevelopment area of Seongsu-dong to live after retirement,” and added, “Afterwards, I decided to give it as a gift to my children because I wanted to give them a house as they prepare for their future marriage.” “I thought about it,” he admitted to purchasing and donating a house.
Gong Young-woon, Democratic Party candidate for Hwaseong, Gyeonggi Province. yunhap news
However, Candidate Gong strongly denied the ‘suspicion of speculation and use of internal information.’
He explained, “The media said it was a speculative home purchase, but this is not true,” and “It was because we did not purchase it with an excessive loan for the purpose of making capital gains.”
It was revealed that Yang Moon-seok, a candidate for the Democratic Party of Korea in Ansan Gap, Gyeonggi Province, purchased an apartment in Jamwon-dong, Seocho-gu, Seoul with a loan of 1.1 billion won in the name of his daughter, a college student in her 20s. Candidate Yang bowed his head, acknowledging that “there was a possibility of expediency.”
Candidate Yang recently reported to the National Election Commission that he jointly owns an apartment (137.1㎡, approximately 41 pyeong) in Jamwon-dong, Seocho-gu, Seoul, worth about 2.1 billion won, with a 25% stake for himself and a 75% stake for his spouse.
Yang Moon-seok, Gyeonggi Ansan Gap candidate of the Democratic Party of Korea. News 1
According to Candidate Yang’s registered copy, on April 6, 2021, Daegu Suseong Saemaeul Geumgo placed a mortgage on the apartment in question for the highest bond amount of 1.32 billion won. It is also known that the debtor is Candidate Yang’s eldest daughter, and that Candidate Yang and his wife are the joint guarantors.
The problem is that the eldest daughter, who has no record of paying or delinquent income tax or comprehensive real estate tax for the past five years, received a loan of 1.1 billion won. People in their 20s who were not economically active borrowed a large amount of money. In the disclosure of assets by candidates for this general election, the eldest daughter reported her Saemaeul Treasury debt of 1.1 billion won and deposits of 1.5 million won.
Regarding this, Candidate Yang said, “I thought my daughter’s loan amount was in the hundreds of millions, but I later found out that it was over 1.1 billion won,” and added, “It is my responsibility to bear all the criticism that it does not meet the public’s standards.” “I’m sorry,” he apologized.
Reporter Kim Ki-hwan [email protected]
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