The full-scale investigation of farmland is just speculators manipulating public opinion
They claimed the Moon Jae-in administration was ousted because of the real estate explosion, and now they are heavily criticizing the government because farmland prices are dropping.
Institutional mechanisms have long been in place to ensure that only those who intend to farm actually purchase farmland.
When acquiring farmland, a Farmland Acquisition Certificate is mandatory. This certificate is issued based on a comprehensive review of factors such as whether the distance between one's residence and the farmland allows for self-farming, and whether there is a genuine intention to farm.
I saw people buying farmland aggressively, claiming they could just fake the certificate.
Since fields and paddies were actually cheaper than land for other purposes, many people bought them by falsifying certificates while expecting development windfalls.
Falsifying an official document is forgery of an official document, regardless of the circumstances. It is a serious crime.
After purchasing land this way, they now argue with nonsensical logic because farmland prices are falling.
Because they purchased land illegally and lack a valid argument, they point to the problems of a few individuals—such as those unable to sell inherited farmland—to claim that the policy itself is wrong.
Those who have looked into farming will know that if you do open-field farming, it is difficult to make even 10,000 KRW per pyeong per year.
There are legal and institutional mechanisms in place to ensure farmland is used for farming, yet people purchased land that can't even yield 10,000 KRW per pyeong at prices ranging from 100,000 to 1,000,000 KRW per pyeong.
From a business perspective regarding farming, those prices make no sense in the first place.
In short, there was a development premium attached to that farmland.
It is definitely speculation.
Since their asset values are dropping, speculators are inflating the logic of a few unfortunate victims to manipulate public opinion.
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