Gwak Sang-do to Hold Press Conference in the National Assembly Tomorrow... Will He Announce Resignation from Lawmaker Position?

Assemblyman Gwak Sang-do [Image source=Yonhap News]

[Asia Economy Reporter Kim Heung-soon] Gwak Sang-do, a lawmaker who left the People Power Party, will hold a press conference at the National Assembly at 10 a.m. on the 2nd to announce his position regarding the controversy over his son's "Hwacheon Daeyu severance pay of 5 billion won." The unusual announcement of a weekend press conference has led to speculation that he will announce his decision to voluntarily resign from his parliamentary seat.

Earlier, controversy arose after it was revealed that Gwak's son, Byung-chae, received 5 billion won in severance pay and other benefits after working at Hwacheon Daeyu, which is suspected of receiving preferential treatment in the Daejang-dong development project. In response, there were even calls within the People Power Party to process a motion to expel Gwak at the National Assembly level.

The Democratic Party of Korea announced that 51 of its members submitted a disciplinary proposal against Gwak and plans to file a complaint with the National Assembly Ethics Committee. Amid this, Gwak's scheduling of a press conference has led to speculation that he has judged it difficult to maintain his position as a lawmaker any longer.

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