Afternoon Delay of First Cabinet Meeting in New Year... Likely to Veto 'Kim Geon-hee Special Prosecutor Act'

[Image source=Yonhap News]

The first Cabinet meeting of the new year was postponed to the afternoon considering the government transfer schedule of the 'Kim Geon-hee Special Prosecutor Act' (the law concerning the appointment of a special prosecutor for allegations of stock manipulation by First Lady Kim Geon-hee).

President Yoon Suk-yeol is expected to exercise the right to request reconsideration (veto) immediately once the 'Kim Geon-hee Special Prosecutor Act' is transferred.

The Prime Minister's Office announced on the 2nd that the first Cabinet meeting of 2024, which was scheduled to be held at 10 a.m. at the Government Complex Sejong, was postponed to 2 p.m.

A Prime Minister's Office official explained, "There is a possibility that the special prosecutor bill, which passed the National Assembly on December 29 last year, will be transferred to the government (Legislation Office) this morning," adding, "Accordingly, the Cabinet meeting time was adjusted."

Earlier, the Democratic Party of Korea processed two bills for appointing special prosecutors to investigate allegations of stock manipulation by First Lady Kim Geon-hee related to Deutsche Motors and bribery allegations involving the '50 Billion Club' in the Daejang-dong development project.

In response, the Presidential Office stated in a briefing that it would exercise the veto power immediately upon the transfer of the special prosecutor bills to the government.

President Yoon is expected to exercise the veto in the form of approving the reconsideration request on the special prosecutor bills during the Cabinet meeting presided over by Prime Minister Han Duck-soo on the same day.

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