President Yoon Exercises Veto on 'Kim Geon-hee Special Prosecutor Act' and 'Daejang-dong 5 Billion Club Special Prosecutor Act'

[Image source=Yonhap News]

On the 5th, President Yoon Suk-yeol exercised his veto power on the so-called dual special investigation bills, including the allegations of stock price manipulation involving First Lady Kim Keon-hee's Deutsche Motors (Kim Keon-hee Special Prosecutor Act) and the bribery allegations related to the 5 billion won club in the Daejang-dong development project (Daejang-dong 5 Billion Club Special Prosecutor Act).

According to the presidential office, President Yoon approved the veto request immediately after it was passed at the extraordinary Cabinet meeting held at the Government Seoul Office, presided over by Prime Minister Han Duck-soo on the same day.

By exercising his veto power just eight days after the opposition party, including the Democratic Party, unilaterally passed the dual special investigation bills in the National Assembly plenary session, President Yoon strongly indicated his unwillingness to accept the special prosecutor bills. Compared to other cases where President Yoon exercised veto power, such as the amendment to the Grain Management Act (on the 12th), the enactment of the Nursing Act (on the 19th), and the Yellow Envelope Act and the Broadcasting Three Acts (on the 22nd), this procedure was carried out with remarkable speed.

With President Yoon exercising his veto, the government will send the dual special investigation bills back to the National Assembly to request a re-deliberation. As President Yoon immediately exercised his veto, the political conflict between the ruling and opposition parties, which had been in a lull following the stabbing incident involving Democratic Party leader Lee Jae-myung, is expected to reignite.

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