Prosecution of Yeo and People Power Party Spokesperson "False Explanation on Kim Geon-hee's Stock Manipulation"

"False Information Disclosure During Suspicion Clarification Process"

[Asia Economy Reporter Koo Chae-eun] On the 25th, the Democratic Party's Presidential Election Committee's National Verification Legal Support Team announced that they have filed a complaint with the Seoul Central District Prosecutors' Office against Lee Yang-su, the chief spokesperson of the People Power Party, and spokesperson Choi Ji-hyun for allegedly disseminating false information while explaining the suspicions of stock manipulation involving Kim Gun-hee, wife of the People Power Party's presidential candidate Yoon Seok-yeol.

Regarding Chief Spokesperson Lee, the team took issue with comments such as "Representative Kim Gun-hee conducted transactions personally based on her own calculations after recovering the account," and "It is a clear falsehood that Representative Kim Gun-hee engaged in 106 instances of wash trading."

They also regarded Spokesperson Choi's statement that "Kim's name does not appear even once in the indictment, she did not receive any profit distribution, and there is no fact of price manipulation trading" as constituting the dissemination of false information. In the complaint, the support team stated, based on media reports analyzing the indictment of accomplices in the Deutsche Motors stock manipulation case, that "It is an undeniable fact that Kim is deeply involved in the above stock manipulation crime."

They further explained that it is necessary to examine the relationship between Kwon Oh-soo, the chairman of Deutsche Motors and the main perpetrator, and Kim and her daughter, as well as the fact that the account lending was all conducted with Kwon Oh-soo's accomplices.

Additionally, they said, "Kim herself participated in the transactions, and we must also consider additional circumstances suggesting that, later, through Chairman Kwon Oh-soo's consideration, she purchased Deutsche Motors stocks off-market at a low price."

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