The Korea Land and Housing Corporation (LH) announced that Lee Seong-hoon, its president, sold two of his three properties while serving at the Blue House.
On August 13, LH communicated to reporters that "Lee sold two of his three properties during his time at the Blue House," adding that "the apartment in Dogok-dong was sold in early June, and the apartment in Sejong City had a sales contract finalized in May."
However, due to the remaining lease period for the tenant in the Sejong City apartment, the transfer of ownership registration is expected to be completed by the end of October. Therefore, while the property is still registered under his name, LH clarified that a sales contract has already been signed.
LH's disclosure of Lee's property sales comes amid recent political scrutiny regarding his multiple property ownership.
Park Seong-hoon, a spokesperson for the ruling People Power Party, criticized the Blue House's decision to dismiss Kim Sang-ho, the head of the Chunchu Office, over allegations of unauthorized construction in multi-family housing, calling it a typical case of "cutting off the tail." He claimed, "Lee Seong-hoon, who owned three properties, smoothly transitioned to the position of LH president while still holding multiple properties."
Previously, Lee Seong-hoon served as the Blue House's secretary for land and transportation before being appointed as LH president last month. Some have raised concerns that his appointment contradicts President Lee Jae-myung's emphasis on excluding stakeholders with multiple properties from discussions on real estate policy.
An LH official stated, "We felt it was necessary to clarify the facts to avoid confusion, as it could be misinterpreted that he has not yet sold his properties, despite having done so."
Meanwhile, although the sales contract for the Sejong City apartment has been signed, the transfer of registration has not yet been completed, which means he may still be listed as a multiple property owner for a certain period in public records.
* This article has been translated by AI.
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