"Lobby Funds Also Distributed to Seongnam City Council Chairman and Council Members"

Park Soo-young, member of the People Power Party. [Image source=Yonhap News]

Park Soo-young, member of the People Power Party. [Image source=Yonhap News]

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[Asia Economy Reporter Heo Midam] On the 6th, Park Soo-young, a member of the People Power Party, disclosed the list of the so-called '50 Billion Promise Group' who were promised to receive large sums of money from Hwacheon Daeyu in connection with the Daejang-dong development project suspicion in Seongnam, Gyeonggi Province. The list includes six people: former Supreme Court Justice Kwon Soon-il, former special prosecutor Park Young-soo, Assemblyman Kwak Sang-do, former Prosecutor General Kim Soo-nam, former Incheon District Prosecutor Choi Jae-kyung, and Mr. Hong.


At the National Assembly's National Policy Audit held by the Political Affairs Committee targeting the Financial Services Commission on the same day, Park said, "I am revealing for the first time the list of the 50 Billion Promise Group mentioned in the Daejang-dong recordings."


He added, "(The recordings) also include content that, although not 5 billion won, lobbying funds were distributed to the chairman and members of the Seongnam City Council."


He continued, "Among them, some have already received the money, some promised but have not yet received it due to the Daejang-dong gate scandal breaking out, some pretended to have borrowed money by hastily writing IOUs but returned it later, and there are additional reports that some are urging to receive the money quickly."


Park emphasized, "In the case of the 50 Billion Promise Group, a prompt investigation by the special prosecutor and a thorough financial investigation by the FIU (Financial Intelligence Unit) are necessary to confirm the flow of funds," and "It is also necessary to clarify why such large-scale lobbying occurred to these people."


Earlier, on the 30th of last month, Lee Jun-seok, leader of the People Power Party, held an emergency press conference at the National Assembly and raised suspicions that associates of Gyeonggi Province Governor Lee Jae-myung were included in the 50 Billion Promise Group.



Lee said, "Among the legal circles mentioned, there were names of individuals who had close ties with the Democratic Party and others who were said to have close ties with Governor Lee."


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

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