Chunseok Lee's 'Borrowed-Name Stock Transaction Allegations' to Be Investigated by Seoul Police Financial Crime Unit

The case involving allegations of borrowed-name stock transactions by Chunseok Lee, former member of the Democratic Party of Korea (Independent), has been assigned to the Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency.

Chunseok Lee, former member of the Democratic Party of Korea (Independent), is moving in the National Assembly plenary session hall. Photo by Yonhap News

On August 6, the Seoul Metropolitan Police Agency announced that it would assign the complaint against Lee, which was filed with both the Yeongdeungpo Police Station and the Seoul Metropolitan Police Agency, to the Financial Crime Investigation Unit for investigation.

On the same day, Jinu Joo, a member of the People Power Party, filed a complaint with the Seoul Metropolitan Police Agency against Lee, accusing him of violating the Capital Markets Act and the Real Name Financial Transactions Act. The previous day, the Yeongdeungpo Police Station had booked Lee on charges including violation of the Real Name Financial Transactions Act.

Lee is suspected of trading AI-related stocks under the name of his aide in the plenary session hall of the National Assembly on August 4.

There is also growing controversy over a potential conflict of interest, as Lee, who previously served as the head of the Economic Division 2 in charge of AI policy at the National Planning Committee, is alleged to have traded AI-related stocks.

Meanwhile, on the same day, several civic groups, including the People's Livelihood Countermeasure Committee, Garosero Research Institute, and Free University, also filed complaints with the Seoul Metropolitan Police Agency, accusing Lee of violating the Real Name Financial Transactions Act and other laws.

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