Builders Hanjin & Daemyung: Korean Gangsters

Sharks on all sides in a feeding frenzy. Hardly high class at the moment.
Everything seemed to be going along fine. Trucks were constantly going in and out of the main entrance of the Haemoro construction site in Sangdo. Then last weekend, when going past on the bus, I noticed the main gates closed. That’s unusual, I thought. The explanation came when my wife went to a buyers and future residents meeting, called last night and attended by about 150 people.
Construction has halted indefinitely. Why? It comes down to a tangled mess of intrigue, incompetence, greed, and bullying. The problems are so numerous and complicated, I’m going to have a hard time explaining it all. But here goes.
Issue 1: Several groups/individuals are still living in the construction area. Some won’t move unless they are paid around $300,000 each. These little enclaves of greed include a kindergarten and a church. The irony of it is that they those two in particular aren’t moving out of the area or closing down. They will just relocate nearby and enjoy the profits from servicing high density apartment dwellers, once the apartments are built. But it seems like the profits can’t come soon enough. Money is also being asked for old squatter shacks on top of the back hill, which aren’t even a part of the construction site.
Issue 2: There is one hold-out in a house right at the main entrance. This person is separate from the other group and is also demanding money. Negotiations are in progress. The woman involved is apparently only the tenant, not the owner. I find it incredible that a mere tenant can hold everyone to ransom. Her house presently sits alone on a mound, almost totally overgrown with creepers, right where the main entrance road is supposed to be—a key position.
Issue 3: A water supply station is sitting on the hill above the construction site. We all know that. Everyone can see it. It’s a big round dome. However, the architects or whoever oversaw the planning of the site neglected to investigate what was under the ground. You’d think this would be a first priority. But perhaps in their own rapid rush to make money, it was too inconvenient to bother with. Now it emerges that huge pipes from the water supply station lie under the Haemoro construction site. These cannot be tampered with because they supply water to the whole Sangdo area. So, the solution? They need to take 3 months to install new pipes around the construction site and under a road. Consequently, tenders were, well, kind of put out for the job. Surprise, surprise, what are the choices? Hanjin, Shinwon and Daemyung. Daemyung is quoting around $600,000 higher than an average company would quote for the job. What a bunch of crooks.
Issue 4: Hanjin’s thuggery, part I. The larger size apartments have not sold well. And how could they, when the model house was shut down so quickly, giving the public little chance to learn about Haemoro. So, Hanjin has announced that it will reduce the price for these larger apartments. Now, in ordinary circumstances, this might mean that people in smaller apartments could perhaps upgrade with a higher mortgage, and then others in the smallest apartments could in turn upgrade to the mid-range ones. In this way everything could fill up. One flaw in this is that the downturn in the economy has made smaller apartments more popular. However, a worse flaw is that Hanjin has said it will not accept this upgrade option. It says everyone has to pay for the larger apartments collectively, at reduced prices. So, they will build the apartments, which will be empty, but we will have to pay for it. This is not the only evil Hanjin is perpetrating.
Issue 5: Hanjin’s thuggery, part II. Hanjin is insisting that it will only build it’s half of the construction site and be responsible for nothing else. The other half is Daemyung’s responsibility. However, no residents will want to live in the Daemyung side of the complex. Their apartment’s will probably be worth less on the market, regardless of whether they look the same as Hanjin’s. If it goes ahead under this arrangement, the lottery for apartment numbers will end up deciding who will have to live there. Daemyung, rubbing its grubby little hands, will probably be more than happy with this arrangement.
Issue 6: Hanjin’s thuggery, part III. Hanjin is insisting that it wants control of the community management office. That of course will give it more power to do whatever it wants. The company has said it will send out its teams of consultants (henchmen) to persuade residents to go along with its plans. It has done it before, it says, and it will do it again. It sends these people out and it divides the community, undermining any solidarity or cohesion. It sounds more like the Mafia than a building company, doesn’t it?
Issue 7: The community management office consists of a bunch of buffoons who are probably in league with Daemyung. The head there is a smooth talking salesman, a smoke and mirrors man. He and his underlings have mismanaged everything from the beginning. Nothing is transparent. For example, they have no records of what they paid people in the area to leave. Cheap paper slips were used, not official documents. Who knows where money has been going? They also refuse to release community member contact details to anyone, so that news is not spread among buyers about what is going on. The only news source is the community website, but not everyone looks at this, especially not older buyers. Because they know no better, many buyers believe the lies spread by this salesman and his cronies.
Issue 8: Led by the nose by this salesman and the community management office is a stupid old bastard who is the spokesman or leader of the current area dwellers. The area people do whatever he says and he does what the community management office says. This has caused no end of wrong decisions and screw ups. Silly old fool.
The buyers community has put up with a lot over the years and it’s coming to a head now. The feeling is that things may have to go to court. That could take years. The community would like to get rid of Hanjin and Daemyung. This will be hard to do, but it is one path to take. What other options are there?
That’s what a big meeting to held soon will be about. The community has a lawyer who is caught up in the mess like the rest of us, and he will be recruited to help the fight. In addition, we may begin organizing protest rallies. This will be difficult in large numbers of at least more than 150 people because the contact details of all community members are known only to the community management office.
My opinion is to first get rid of the community management office and that old bastard patriarch of the area. Once control is wrestled from them, everyone can check the books, if any, and see what has really been going on. All community members can also be contacted and supplied the truth about everything.
Personally, I think the best thing would be to get rid of all the gangsters and crooks and start afresh, or at least attempt it.
Amazingly, we are actually better off than my wife’s sister’s family. Their building company, Shinwon, which is supposed to be building several apartment blocks alongside complex, is bankrupt! That means my sister-in-law and her family could be facing a sellout of the land. After all this time, after all the waiting, they may just end up getting money back and have no apartment.
And my wife? She’s angry but not worrying too much. She says it’ll be so good once it’s built that it’s worth persevering through the setbacks. Easier said than done for me.







I just came across news about a former court poet for North Korean leader Kim Jong-il, who escaped North Korea and has become a best-selling author in South Korea. The poet goes by the name of Jang Jin-sung, and his poems portray the horrors of poverty and hunger in North Korea.















Here, at the steps leading up to the entrance, it didn’t look like many people were around, which was a bit disheartening. Everyone hopes that people will be clambering to get a spot in the complex, thus raising its popularity and resale price.






































