Ruling Party's 'Kim Geon-hee Account Disclosure' Demand... Opposition Calls It "The Ultimate Hypocrisy"

Democratic Party: "Kim Geon-hee May Have Been the Largest Shareholder of Deutsche Motors... Reveal Stock Accounts"
People Power Party: "Hypocrisy, No Involvement in Stock Price Manipulation"

The People Power Party criticized the Democratic Party of Korea for demanding additional account disclosures from Kim Geon-hee, the spouse of presidential candidate Yoon Seok-yeol. The photo shows Kim Hye-kyung, spouse of Democratic Party presidential candidate Lee Jae-myung (left), and Kim Geon-hee. [Image source=Yonhap News]

[Asia Economy Reporter Park Hyun-joo] The People Power Party has dismissed the Democratic Party of Korea's press conference demanding additional account disclosures from Kim Gun-hee, the spouse of presidential candidate Yoon Seok-yeol, as a "hastily arranged diversionary press conference."

Earlier, the Democratic Party's Election Countermeasures Committee's Task Force for Current Issues held an emergency press conference in the morning, claiming that "excluding Chairman Kwon Oh-soo, the largest shareholder during the stock manipulation, and his special relations, Kim might have been the largest shareholder of Deutsche Motors," and demanded Kim Gun-hee disclose her stock transaction details.

In response, Choi Ji-hyun, senior deputy spokesperson of the People Power Party's Election Countermeasures Headquarters, issued a statement on the afternoon of the 10th, saying, "The Democratic Party held an emergency press conference demanding full disclosure of Kim Gun-hee’s main stock accounts despite having no new information," and asked, "Do they think the public will not realize this is a hastily arranged diversionary press conference?"

Choi criticized, "Kim Hye-kyung, spouse of Democratic presidential candidate Lee Jae-myung, did not answer even a simple question about who ate the food delivered by a whistleblower using business promotion expenses during an ongoing investigation and audit at yesterday’s (9th) press conference," adding, "The Deutsche Motors case is also under investigation, but when asked for specific explanations, they show the ultimate hypocrisy expected from their party."

Choi continued, "Because we are confident, we respond. Kim Gun-hee was not involved in stock manipulation at all," asserting, "Her name does not appear even once in the indictment, she did not receive any profit distribution, and there is no evidence of manipulative trading."

He further pointed out, "What Democratic lawmaker Choi Kang-wook accused was that in 2010, Kim Gun-hee entrusted her account and money to a stock manipulation player named Lee, acting as a so-called intermediary," and added, "After clarifying that part, now the Democratic Party demands full disclosure of accounts, claiming there might have been stock manipulation in 2011 and 2012."

Choi asked the Democratic Party, "What specific charges do you have against Kim Gun-hee this time? When, with whom, and by what method did she manipulate stocks? There is no objective evidence at all," and said, "They nitpick a statement made by one of the Election Countermeasures Committee members during a broadcast Q&A to claim false explanations, but we have already stated our official position that transaction details unrelated to stock manipulation cannot be disclosed."

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