Controversy Over Law Firm Investment... Park Beom-gye "Will Dispose of Shares and Withdraw"

[Asia Economy Reporter Baek Kyunghwan] On the 14th, Park Beom-gye, the nominee for Minister of Justice, announced that he has reported his withdrawal from the controversial investment law firm and disposed of his shares. Previously, Park faced allegations that the annual sales of the law firm he invested in increased more than 300 times over six years while serving as the Democratic Party whip on the National Assembly's Legislation and Judiciary Committee.

On this day, Park released a statement through the National Assembly confirmation hearing preparation team, disclosing that he had settled his shares in the law firm.

Park co-founded the law firm Myeonggyeong in 2012 by investing 10 million won. Subsequently, the sales of Myeonggyeong reported in his asset declaration surged to approximately 3.28 billion won in 2019, raising suspicions that Park, as a member of the National Assembly, played a significant role in the sales increase.

However, Park stated, "Upon the opening of the 19th National Assembly in 2012, I reported a lawyer leave of absence and did not receive any profit distribution from the law firm, so maintaining the investment shares in the firm does not violate the prohibition on concurrent positions for National Assembly members."

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