Controversy continues over public servants' speculative home purchases
The new headquarter of the Customs Valuation & Classification Institute in the administrative town of Sejong remains empty, Tuesday, as the government agency was not able to relocate to the city although it built the building. But its employees are suspected of gaining profit from purchasing houses there that were offered at a special price for civil servants. YonhapBy Kwon Mee-yooMore allegations of speculative home buying by civil servants have emerged, this time in the administrative town of Sejong where dozens of ministries and affiliated organizations have been relocated. It is alleged that some employees of the Customs Valuation and Classification Institute (CVCI) purchased, and later sold, apartments there to profit from rising real estate prices even though their workplace is not in the city.This latest case of alleged property speculation by public officials follows on from multiple cases that surfaced earlier this year involving workers at the Korea Land and Housing Corp. (LH), the state-run housing developer.According to Rep. Kwon Young-se of the main opposition People