Choi Jae-hyung's Side: "Daughter Will Pay Capital Gains Tax... First Look at 'Naeronambul' Ruling Party Senior Officials' Children"

Choi Jae-hyung, a preliminary presidential candidate of the People Power Party, is presenting his economic policy vision at the campaign press room located in the Daehwa Building, Yeouido, Seoul, on the 13th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Park Hyun-joo] In response to allegations that he did not pay income tax on interest received from lending housing purchase funds to his daughter, Choi Jae-hyung, a presidential pre-candidate from the People Power Party, referred to the controversy surrounding the president and ruling party figures' children as "'double standards' at this level is a comedy."

On the 16th, the public relations special advisory group of Choi's presidential campaign issued a statement saying, "Choi lent 400 million won to his daughter during her apartment purchase process and received 2.75% interest monthly, but the ruling party is criticizing him for not paying income tax on that interest."

The advisory group added, "How little criticism is there against Choi that they resort to such slander? As soon as media pointed out last weekend that the interest received from his child is subject to income tax reporting, Choi immediately confirmed with the tax office, received a tax payment notice, and plans to pay 4,228,200 won as soon as the holiday ends."

They continued, "However, the ruling party's 'election machines' are inciting and fabricating as if Choi committed a massive tax evasion," and urged, "Please start by examining the children of high-ranking ruling party officials, including the president."

They then criticized allegations surrounding President Moon Jae-in and former Minister of Justice Cho Kuk's children. The advisory group stated, "President Moon's son, Moon Jun-yong, received 14 million won in emergency art support funds for COVID-19 and 69 million won from the Arts Council's Art and Technology Convergence Support project," and pointed out, "The public still does not know why the president's daughter and son-in-law are living abroad."

They added, "It was revealed that all 'seven major specs' used for former Minister Cho's daughter's medical graduate school admission were false, and his wife, Jung Kyung-shim, was sentenced to four years in prison in both the first and second trials," questioning, "Have President Moon and high-ranking officials in this government ever properly explained or apologized for the controversies over their children's special treatment?"

The advisory group concluded, "The public knows exactly what the problem is. How long will the Moon Jae-in administration remain trapped in 'double standards'?"

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