[2022 National Audit] Lee Bok-hyun "Police Did Not Request Materials on Deutsche Motors Stock Manipulation"

Financial Supervisory Service Governor Lee Bok-hyun is attending the National Assembly's audit of the Financial Supervisory Service held on the 11th, providing a business report. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Ji Yeon-jin] On the 11th, Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), said regarding the suspicion of stock price manipulation of Deutsche Motors, "I checked whether there was an official document received (by the police), but it seems there was no formally received document."

Governor Lee made this remark during the National Assembly's Public Administration and Security Committee's audit of the FSS held that morning, responding to a question from Hwang Un-ha, a member of the Democratic Party of Korea, who asked, "Why did the FSS refuse the police's request for materials related to Deutsche Motors?"

However, Governor Lee explained, "There is no official document left, and no person remains," adding, "Recently, the cooperation process allows for phone calls if materials are needed, but if there are actual materials or a need for cooperation, official documents are exchanged, and there is a step-by-step preliminary cooperation phase."

On the same day, Representative Hwang pointed out that the police closed the investigation due to the FSS's refusal to provide materials related to the Deutsche Motors stock price manipulation case, stating, "Currently, President Yoon Seok-yeol has been accused of violating the Public Official Election Act," and criticized, "The accusation claimed that he did not know about Kim Kun-hee's stock holdings, which is a false statement."

He added, "If the FSS had responded to the police's request for materials and conducted a proper investigation, this incident would not have occurred."

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