Yoon Seok-yeol and Wife Disclose Securities Accounts... "Stock Manipulation Allegations Groundless"

Camp Side "Rather an Estimated Loss of About 40 Million Won"

Photo by 'Yoon Seok-yeol National Campaign Legal Team' capture

[Asia Economy Reporter Kum Boryeong] The campaign team of Yoon Seok-yeol, the People Power Party's presidential candidate and former Prosecutor General, has disclosed the stock trading records of his spouse, who is suspected of being involved in the Deutsche Motors stock manipulation case. Yoon’s team emphasized that it was a case investigated as political suppression of power-related investigations but was proven to be groundless.

The 'Yoon Seok-yeol National Campaign Legal Team' revealed on Facebook on the 20th the Shinhan Financial Investment account of Yoon’s wife, Kim Gun-hee. The transaction records cover the period from January 1, 2009, to December 31, 2010, spanning 20 pages of A4 paper. The print date was the 18th. However, personal financial information unrelated to Deutsche Motors transactions was redacted.

The campaign stated, "In 2013, when Yoon investigated the 'National Intelligence Service online comment manipulation case,' the Police Agency’s Major Crimes Investigation Division conducted a preliminary investigation into allegations that the spouse was involved in Deutsche Motors stock manipulation, which was ultimately proven to be unfounded and closed." They added, "If there had been any involvement in stock manipulation, they would have found grounds to punish, but there was nothing."

Furthermore, the campaign said, "The current investigations into Yoon and his spouse are fabricated by the ruling party with false allegations, and the prosecution, controlled by power, is forcibly continuing the investigation without basis. The entire factual matter is that before marrying Yoon, the spouse entrusted trading to a person introduced as a 'stock expert,' suffered losses, and then recovered the account."

They also explained, "Yoon’s spouse entrusted a Shinhan Securities stock account to Mr. Lee on January 14, 2010, believing the claim that he was a 'Goldman Sachs-trained stock expert' and could be trusted. Based on the closing price on May 20, 2010, when the spouse recovered the account, there was an estimated total loss of about 40 million KRW."

The campaign cited as evidence that Kim was not involved in stock manipulation the facts that orders were placed by phone, that Deutsche Motors stock trading occurred only on seven days during the approximately four months the account was entrusted, and that the stock price showed no significant fluctuations during those seven days.

Additionally, the campaign stated, "The prosecution’s investigation is a malicious attempt to lower the approval ratings of the opposition’s most competitive candidate." They added, "At this critical time when regime change is urgent, it is inappropriate for candidates from the same party to join the prosecution’s retaliatory investigation and attack without verifying facts. We must unite for regime change." On the 15th, during a one-on-one debate, Representative Hong Joon-pyo pointed out Kim’s alleged involvement in Deutsche Motors stock manipulation and demanded the disclosure of the account, to which Yoon promised, "I will disclose the account transaction details."

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