People Power Party Floor Leader Jung Chung-rae: "Dismiss Kim Yong-beom if There Is a Will to Normalize the Stock Market"

People Power Party Floor Leader Jung Chung-rae urged today (July 20), "If the President has even the slightest will to normalize the stock market, that will must first be demonstrated through personnel appointments," adding, "Dismiss Policy Chief Kim Yong-beom."

During the Supreme Council meeting held at the National Assembly today, Floor Leader Jung stated, "Yesterday, Chief Kim appeared in a broadcast interview and consistently offered sophistry regarding the 'Sam-Hynix' single-stock leverage ETF disaster." He continued, "He claimed that the introduction of the product was intended to foster the capital market and prevent the outflow of funds overseas. He even added the excuse that similar products exist in overseas stock markets."

Floor Leader Jung criticized the situation, saying, "Investor returns have been slashed in half, and even those who did not invest in the product have suffered due to a liquidity domino effect; the cause of all this lies with the government." He added, "It is because they were so deluded and intoxicated, thinking the rise in the KOSPI was their own achievement, that they pushed for the reckless and hasty introduction of leverage products."

He further emphasized, "The government has effectively acted like a 'stock leading room' (unauthorized investment advisory group) for the public. The Policy Chief has caused such a disaster, and they cannot simply get away with a few stopgap measures as if nothing happened. If the National Election Commission infringed upon the people's right to vote, the Blue House has infringed upon the people's property rights. Someone must take responsibility."

Floor Leader Jung also mentioned that the ruling party plans to process a 30-day extension for the second comprehensive special counsel bill at the National Assembly plenary session today, stating, "Another name for the second extension of the comprehensive special counsel is the suppression of the opposition party and the continuation of a public security-focused political climate."

"The problem is the essential self-contradiction and 'naero-nambul' (hypocritical) style of state administration inherent in the Lee Jae-myung administration amidst this public security-focused climate," Floor Leader Jung pointed out. "The second comprehensive special counsel itself is inherently a concept of supplementary investigation for the first three special counsels. They claim they will abolish the police's right to supplementary investigation, yet they continue to extend the special counsel for supplementary investigation again and again."

He added, "The Democratic Party has never once mentioned recommendations from the Korean Bar Association or third-party recommendations while pushing forward with the first three special counsels and the second comprehensive special counsel, yet they are using the trick of Korean Bar Association recommendations only for the National Election Commission special counsel. The Democratic Party becomes full of contradictions whenever they stand before a special counsel."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.