South Korea President Apologizes for Land Scandal Shaking Support
- Land minister offered to resign last week over matter
- Runaway real estate price have cast shadow over government
Moon Jae-in
Photographer: Pool/Getty Images
This article is for subscribers only.
South Korean President Moon Jae-in apologized over allegations of a land speculation scandal that has rattled his government and led the minister responsible for oversight to tender his resignation.
Moon said at a cabinet meeting Tuesday that allegations of state-run Korea Land & Housing Corp. employees abusing insider information to buy land led to “huge despondency and disappointment” for citizens, according to the presidential website.