Assemblywoman Kim Sang-hee: "Completely Unrelated to Lime Privileges... Financial Supervisory Service Governor Must Explain"

Kim Sang-hee, Democratic Party Lawmaker, Press Conference
"Financial Supervisory Service Announcement, Political Intent to Tarnish Democratic Party"
Demanding Apology from Financial Supervisory Service... "Sit-in Until Explanation"

Kim Sang-hee, a member of the Democratic Party of Korea, on the 25th urged Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), to "clearly confirm to the public as promised that I am completely unrelated to the Lime Fund’s preferential redemption allegations" regarding the suspicions of preferential redemption targeting her.

Kim Sang-hee, a member of the Democratic Party of Korea, is holding a press conference at the National Assembly on the 25th to refute allegations of preferential redemption related to fund investment money involving herself.
[Photo by Yonhap News]

Through a press conference at the National Assembly that afternoon, Rep. Kim stated, "The fund I invested in is completely unrelated to the funds subject to redemption suspension that were problematic in the past Lime incident."

Rep. Kim emphasized, "The fund was invested in following the proposal of Mirae Asset Securities, the asset management (fund sales) company, and at the end of August 2019, Mirae Asset recommended redemption. At that time, including myself, a total of 16 investors who invested in the Lime Martini No.4 fund through Mirae Asset accepted the recommendation and redeemed simultaneously." She added that Mirae Asset Securities would submit this fact in writing to the FSS on the same day.

She said that she invested 200 million KRW in the Lime Martini No.4 fund and redeemed 8 million KRW early, then redeemed 156 million KRW in September 2019, receiving a total of 164 million KRW back. Rep. Kim pointed out, "The FSS unilaterally announced that I had preferentially redeemed 200 million KRW without even once confirming with me. The claim of preferential redemption is entirely false and absurd."

Rep. Kim met Governor Lee at the National Assembly that morning to protest, and during the meeting, she claimed that Governor Lee apologized about five times, saying "I am sorry." She stated, "Governor Lee promised to confirm by today that no evidence has been found that Rep. Kim Sang-hee was involved in the preferential redemption process, nor was there any intentional involvement, and to express regret over the media reports specifically targeting Rep. Kim, but until now, no action has been taken."

Rep. Kim accused the FSS’s announcement of being a "political operation." She criticized, "This announcement clearly includes a political intention to tarnish the Democratic Party. The FSS, which should protect a sound market order, is maliciously exploiting the anger and tears of the Lime incident victims politically, targeting next year’s general election."

She demanded, "The FSS should formally apologize for announcing that I received preferential treatment based on unfounded falsehoods. Governor Lee Bok-hyun must clearly confirm to the public, as promised, that I am completely unrelated to the Lime preferential redemption. If this request is not accepted, I will take extraordinary measures using all means, including legal action."

After concluding the press conference, she expressed her grievance to reporters, saying, "I will fight with all my might. This has thrown mud on all my legislative activities." She added, "Until the Governor of the FSS apologizes, clearly informs the public of this fact, and the media properly reports the correction, I will begin a sit-in protest at the FSS."

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