Ahn Cheol-soo: "Honam Semiconductor Project Will Create Landowners... Government and Ruling Party Must Disclose Land Holdings"

Calls on Government and Ruling Party to Disclose Honam Land Holdings

On June 29, Ahn Cheol-soo, a member of the People Power Party, raised concerns about potential real estate speculation in connection with semiconductor companies such as Samsung Electronics and SK hynix promoting investments in the Honam region. He asserted, "The government and ruling party officials must first disclose their land holdings in Honam."

On this day, Assemblyman Ahn stated via social media, "Public officials of the Lee Jae-myung administration, as well as Democratic Party lawmakers, heads of local governments, local council members, and party officials, must immediately make public their land holdings related to the Honam region." He continued, "If there is any land suspected of being a windfall from speculation, it should be sold off without hesitation."

Ahn Cheol-soo, member of the People Power Party. Photo by Yonhap News

Assemblyman Ahn pointed out the possibility of real estate speculation using the 'Honam Semiconductor' project being promoted by the Lee Jae-myung administration as a pretext. He said, "It is reported that there has been a flood of investment inquiries in the area expected to be the Honam semiconductor site and that all existing listings have disappeared." He argued, "The more the government pushes forward with the Honam Semiconductor project, the more not only the land in question but also surrounding commercial areas, residential districts, and logistics infrastructure such as roads and railways will see significant increases in property and land prices."

He went on to say, "In the end, the Honam semiconductor plant will create numerous new landowners." He questioned, "With massive land compensation and transaction profits creating windfalls, can anyone say with certainty that there are no government or ruling party officials among the beneficiaries?"

Assemblyman Ahn said, "When President Lee Jae-myung developed real estate policies, he applied a strict standard: even an entry-level employee who merely copies documents was excluded if they owned multiple houses." He added, "That same standard should be applied equally to land speculation."

He further asserted, "If the government and ruling party do not disclose their land holdings, the Honam semiconductor investment will ultimately become a project for someone to make a huge speculative profit, and before long, it will become the subject of a special investigation."

This content was produced with the assistance of AI translation services.