Minju to Propose 'Kim Gun-hee Special Prosecutor Act' Today... Focus on Stock Manipulation and False Academic Credentials

Park Hong-geun "Kim Gun-hee's Public Apology, Must Comply with Investigation"
Concurrent Promotion with Presidential Office's State Audit

[Image source=Yonhap News]

[Asia Economy Reporter Park Jun-yi] The Democratic Party of Korea will propose the 'Kim Geon-hee Special Prosecutor Act' on the 7th. The draft bill is reported to focus primarily on allegations of stock price manipulation and false academic and career credentials involving First Lady Kim Geon-hee.

Park Hong-geun, the floor leader of the Democratic Party, announced at the Supreme Council meeting that day, "We will propose a law to appoint a special prosecutor for fact-finding." He raised his voice, saying, "Public anger is growing over the truth being obscured by delayed investigations and decisions not to prosecute due to lack of evidence," and added, "First Lady Kim must thoroughly respond to investigations into violations of laws and regulations, as well as issue a public apology." On the same day, the Democratic Party discussed the Kim Geon-hee Special Prosecutor Act drafted by the party policy committee at the Supreme Council meeting and planned to report it at the afternoon party members' meeting.

The bill focuses on allegations of stock price manipulation and false academic and career credentials involving First Lady Kim. Last month, the Democratic Party, led by Representative Kim Yong-min, proposed the 'Act on the Appointment of a Special Prosecutor for Fact-Finding into Stock Price Manipulation and False Career Incidents Involving President Yoon Seok-yeol’s Spouse Kim Geon-hee,' but the scope of the special prosecutor’s investigation has been narrowed to exclude other allegations concerning President Yoon’s family.

This is interpreted as an intention to pursue both a parliamentary audit of the presidential office and the special prosecutor law concerning First Lady Kim simultaneously. A floor leader’s aide explained, "Since the allegations regarding the presidential office’s relocation and construction are not subject to investigation but fall under the parliamentary audit, the areas of the audit and the special prosecutor are being divided," adding, "Although she admitted to falsifying academic and career credentials, she was cleared of charges, and in the case of stock price manipulation allegations, the statute of limitations is nearing, but the prosecution has not even summoned her for questioning, so it could be subject to a special prosecutor investigation."

The ruling party is countering the Democratic Party’s move to propose a new Kim Geon-hee Special Prosecutor Act by highlighting the judicial risks faced by party leader Lee Jae-myung. Kwon Seong-dong, the floor leader acting as the interim leader of the People Power Party, criticized the push for the Kim Geon-hee Special Prosecutor Act at the floor strategy meeting that day, saying, "Leader Lee is not responding to the prosecution’s summons, so it is simply bizarre to talk about a special prosecutor in this situation." He continued, "This is an attempt to divert public attention from the spectacular criminal allegations surrounding the party leader."

Instead of attending the Supreme Council meeting that morning, party leader Lee Jae-myung visited the site of Typhoon Hinnamnor damage in Pohang, Gyeongbuk. After inspecting the situation on-site, he held a meeting with the disaster victims to discuss follow-up measures.

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