Another presidential secretary in controversy over property speculation allegations
Kim Gi-pyo, presidential secretary for anti-corruption / YonhapKim Gi-pyo, presidential secretary for anti-corruption, has been mired in a controversy over real estate speculation by taking out multimillion dollar loans.Kim, who was appointed to the position in March, reported to the government that he owns real estate worth 9.12 billion won ($8.08 million) while having financial liabilities of 5.62 billion won, according to data.His registered properties include two commercial stores in Seoul worth 6.55 billion won combined; an apartment in the city of Seongnam, south of Seoul, worth 1.45 billion won; and forest land adjacent to a district currently under development in Gwangju, Gyeonggi Province, worth 830 million won."He made the investment when he worked as a lawyer," an official of the presidential office Cheong Wa Dae said. "He is now trying to sell some of what he now has."Kim, who worked as a prosecutor, served as a lawyer between 2014 and 2021.While denying the speculation allegations, Kim apologized "for causing misunderstanding" and vowed to "swiftly" dispose of some of th
Jun 27, 2021