Democratic Party of Korea "Pushing Special Prosecutor with Everything on the Table Including the 5 Billion Club"

Yoon Ho-jung, Emergency Response Committee Chairman of the Democratic Party of Korea, Park Kwang-on, Chairman of the Legislation and Judiciary Committee, and Kim Tae-nyeon, Chairman of the Political Reform Special Committee, are attending the joint meeting of standing committee chairpersons and floor leaders for the implementation of livelihood reform bills held at the National Assembly on the 14th. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Song Seung-seop] The Democratic Party of Korea stated that regarding the Daejang-dong special investigation, “We must put everything on the table, including the process of public development turning into private development, the investigation process of the Busan Savings Bank case, the promotion process of Seongnam City and Seongnam Development Corporation, and the so-called ‘50 Billion Club,’ and push for a special investigation.”

On the afternoon of the 14th, Yoon Ho-jung, the Emergency Response Committee Chair of the Democratic Party, held a joint meeting with standing committee chairs and floor leaders at the National Assembly, where they reached this consensus, spokesperson Jo Oh-seop reported. Spokesperson Jo emphasized, “The special investigation bill submitted by the People Power Party is a bill to avoid a special investigation,” and added, “It should be pursued through bipartisan agreement if possible, not just by the People Power Party.”

Regarding the question, “It seems the People Power Party is not willing to make many concessions,” he said, “This is not about mudslinging but about uncovering the truth. It is not a matter to approach from the perspective of concessions,” and added, “The principle is to clearly reveal the reality of the Daejang-dong case.”

The process of public development turning into private development, the investigation of the Busan Savings Bank, and the so-called 50 Billion Club are suspicions the Democratic Party has raised during the presidential election process. This means they are taking the position that these issues should be included in the special investigation targets aimed at the People Power Party and President-elect Yoon Suk-yeol.

Park Kwang-on, Chair of the Legislation and Judiciary Committee, who attended the meeting, also stated, “The special investigation bill on Daejang-dong has already formed a national consensus during the presidential election process,” and insisted, “The special investigation bill must be passed to prevent it from turning into a futile confrontation.”

He also said, “We will never tolerate political retaliation,” and added, “The major flow of prosecutorial reform must continue, and any attempts to obstruct or reverse it cannot be tolerated.”

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