[Asia Economy Reporter Oh Ju-yeon] On the 27th, the Democratic Party of Korea emphasized that "the prosecution must swiftly investigate and reveal the full truth of the Hwacheon Daeyu corruption" in relation to the summons and investigation of former special prosecutor Park Young-soo and former lawmaker Kwak Sang-do.


At a briefing on the same day, Go Yong-jin, chief spokesperson of the election campaign committee, said, "The Hwacheon Daeyu corruption, which started with the 'Busan Savings Bank sloppy investigation' and culminated in the '50 Billion Club,' is clearly turning out to be a 'People Power Party Gate.'


Chief Spokesperson Go explained, "Former special prosecutor Park Young-soo served as the lawyer for Jo Woo-hyung, who arranged loans from Busan Savings Bank to C7, and the Supreme Prosecutors' Office's Criminal Investigation Department, where candidate Yoon Seok-yeol was the lead prosecutor, strangely avoided investigating cases related to Jo, showing a rare feat."


He continued, "A sales agency company operated by Lee, a relative of former special prosecutor Park, almost monopolized the sales agency for apartments in Daejang-dong, and it was also revealed that Lee received 10 billion won from Kim Man-bae. As it was revealed that Park's son worked at another company of Lee, the possibility of a special relationship between the two is increasing," he added.


Regarding former lawmaker Kwak, he said, "After being investigated on whether he demanded part of the Daejang-dong profits from Kim or exerted influence during the consortium formation process, and with the confirmation that 5 billion won flowed, it is expected that an arrest warrant will be requested soon."



He added, "The Pandora's box has been opened, and the important thing is swift and decisive action," emphasizing, "The prosecution must reveal the full truth of the '50 Billion Club' through a prompt and accurate investigation."


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

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