People Power Party Requests Comprehensive Real Estate Speculation Investigation from Board of Audit and Inspection Despite Legal Controversies

[Image source=Yonhap News]

[Asia Economy Reporter Naju-seok] On the 9th, the People Power Party requested the Board of Audit and Inspection (BAI) to conduct a full investigation into real estate speculation allegations involving all its members. The party also proposed that the BAI investigate allegations of real estate speculation involving the Blue House and government ministries’ ministers and vice ministers.

On the same day, Choo Kyung-ho, the senior deputy floor leader of the People Power Party, visited the BAI to submit the investigation request. He told reporters, "We have requested the BAI, which is considered the most professional institution in South Korea with political neutrality and independence, to investigate the real estate transaction status of all 102 members of the People Power Party, their spouses, and direct relatives. We would appreciate it if the BAI could thoroughly investigate with expertise and disclose the findings to the public without any suspicion."

Regarding this investigation request, the Democratic Party of Korea has pointed out that the BAI lacks legal grounds to investigate members of the National Assembly. In response, Senior Deputy Floor Leader Choo explained, "Some have raised the issue that the National Assembly is not subject to the BAI’s audit under the Audit Act. However, we are not asking the BAI to investigate due to corruption. We believe the BAI is the most professional institution with political independence and neutrality, so we requested the investigation."

For now, the People Power Party plans to wait and see whether the BAI accepts the investigation request. Senior Deputy Floor Leader Choo said, "We will fully cooperate with any form of investigation. We will review the most fair and objective method and take follow-up measures accordingly."

Additionally, Senior Deputy Floor Leader Choo stated, "We hope the BAI will also investigate the Blue House secretaries, chiefs, and government ministers and vice ministers. If the BAI audits these officials and publicly discloses the results in detail to the public, it will help resolve public suspicions and build a trustworthy government."

This content was produced with the assistance of AI translation services.