Lee Jae-myung: "Daejang-dong is a prosecution gate... 100% certain Yoon is the mastermind"

"Recording Transcript 'Lee Jae-myung Gate'? ... It Was Just How He Talked About His Trial"

Lee Jae-myung, the Democratic Party presidential candidate, is appealing for support at a campaign rally held on the 22nd at the Culture Square in Ansan, Gyeonggi Province. [Image source=Yonhap News]

[Asia Economy Reporter Heo Midam] Lee Jae-myung, the Democratic Party presidential candidate, asserted on the 23rd regarding the preferential treatment allegations in the Daejang-dong development project in Seongnam, Gyeonggi Province, "I am 100% certain that Yoon Seok-yeol, the People Power Party presidential candidate, is the mastermind."

In an interview on MBC Radio's 'Kim Jong-bae's Focus,' Lee said, "This is a prosecution gate; it just hasn't been revealed because the current Prosecutor General and prosecutors are involved."

He defined the case as "the Yoon Seok-yeol gate," adding, "The person who overlooked the investigation that was supposed to secure seed money for the criminal group is Yoon. He made the biggest contribution."

Lee also referred to the contents of the recorded conversation of Kim Man-bae, the major shareholder of Hwacheon Daeyu, saying, "'Yoon Seok-yeol will die with just one of my cards,' 'He will die if a warrant is issued,' and so on. Objectively, who should be suspected?"

Regarding the term "Lee Jae-myung gate" mentioned in Kim's recording, Lee explained, "That was referring to my trial," and added, "Wasn't I indicted for false public statements related to Daejang-dong? That’s what was being talked about."

On his remark about "reserve currency countries" during a TV debate, Lee elaborated, "Our country's sovereign credit rating is much higher and interest rates are lower than countries recognized as reserve currency countries," and added, "The argument that the national debt ratio should be low because we are not formally a reserve currency country doesn't make sense."

He continued, "National debt is not external debt. It is not debt owed to other countries but is held by domestic institutions. Unless it is severe enough to harm international evaluations, it does not cause an International Monetary Fund (IMF) crisis. The IMF crisis was caused by external debt, and at that time, government bonds were extremely low. You shouldn't connect those things."

Earlier, on the 21st during a TV debate, when Ahn Cheol-soo, the People’s Party presidential candidate, asked, "Do you know the difference between reserve currency countries and non-reserve currency countries?" Lee responded, "Of course I do, and our economy is strong enough to be considered highly likely to be included among reserve currency countries," which sparked controversy.

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