2024-04-02 07:21:00
Gong Young-woon, candidate for Hwaseong, Gyeonggi Province, of the Democratic Party of Korea. /Newsis
On the 2nd, CBS reported that Gong Young-woon, the Democratic Party’s candidate for the Gyeonggi Hwaseong National Assembly, who was controversial for gifting a multi-family house in Seongsu-dong, Seoul worth 3 billion won at the current market price, to his son who was serving as a sergeant in the Air Force, recently supported the purchase of an apartment worth 2.2 billion won in the same area for his 32-year-old daughter. It was announced on radio ‘Kim Hyun-jung’s News Show’. She did not disclose exactly how much she supported, but said, “I paid all the gift tax, so there are no legal problems.”
On this day’s broadcast, candidate Gong, People Power Party candidate Han Jeong-min, and New Reform Party candidate Lee Jun-seok held a debate.
Candidate Gong was asked by Lee Jun-seok, leader of the New Reform Party, regarding his daughter’s purchase of an apartment, and said, “(My daughter) has been a dual-income couple for 9 years, and we purchased the house normally with a mortgage loan.” He added, “For procedural and tax purposes, it costs only 1 “There is no problem,” he said.
Candidate Gong’s daughter joined Hyundai Glovis, a Hyundai Motor Group affiliate, when Candidate Gong was an executive at Hyundai Motors, and is still there there today.
Previously, it was revealed that Candidate Gong purchased a multi-family house in Seongsu-dong, four months before the announcement of Hyundai Motor Company’s favorable real estate announcement in 2017, and gifted it to his son, who was serving in the military. The distance between Candidate Gong’s son’s house and his daughter’s apartment is regarding 400 meters.
Although Candidate Gong said, “We have been working together for 9 years,” according to Chosun.com’s coverage, Candidate Gong’s daughter got married in May 2020. And on October 14th last year, three and a half years later, an apartment in Seongsu-dong 2-ga, Seongdong-gu, Seoul was purchased under the couple’s joint name for 2.21 billion won. Excluding his mortgage loan of 1.1 billion won, it was a purchase transaction that required his equity capital of 1.11 billion won. It sounded like they had prepared this following three years of working together.
Lee Jun-seok, leader of the New Reform Party, is raising the issue of his children’s investment in real estate in Seongsu-dong to Democratic Party candidate Gong Young-woon./News 1
Representative Lee then asked, “Was there no support at all?” and Candidate Gong once more said, “Everything was done legally and legally.” When Representative Lee said, “You applied,” Candidate Gong ended up saying, “There was some gifting, but I paid all the gift tax. “It’s very clear,” he said. Candidate Gong said, “Youngkkeul, there are a lot of young people who make gap investments. So, he said, “You shouldn’t make an issue of something that isn’t a problem with the regulations.”
After the debate, Representative Lee posted on Facebook, “If what Candidate Gong confirmed is correct, Candidate Gong’s daughter purchased a house in Seongsu-dong worth 2.2 billion won, paying regarding 70 million won in acquisition tax, several million won in annual property tax and comprehensive real estate tax, and 1 billion won in addition. “I have to pay 5 million won per month just in principal and interest on a nearby home mortgage loan,” he said. Candidate Lee said, “How can this be a gap investment that young people these days can easily make?”
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