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1. The Jang Yoon-gi case has fueled growing calls for caution regarding the abolition of supplementary investigation powers. However, the Democratic Party has repeatedly and strongly expressed its will to completely abolish supplementary investigation powers. During a supreme council meeting today (July 22), Democratic Party Floor Leader Han Byung-do emphasized that the argument that prosecutors must investigate directly to protect victims is not the truth when looking back at the dark history of the prosecution, and stressed that there is no dissent within the party regarding the grand principle that prosecutors do not investigate. Amid spreading cautious views within the party advocating for allowing limited supplementary investigation powers, interpretations are emerging that the leadership has effectively formalized its policy of complete abolition.
2. The political circles are paying keen attention to a ruling today. The first-instance trial ruling for Seoul Mayor Oh Se-hoon, who was indicted on allegations of receiving public opinion polls from political broker Myung Tae-gyun and having the costs paid on his behalf, will begin shortly at the Seoul Central District Court. As this ruling determines the fate of Mayor Oh, who succeeded in winning a historic fifth term in the last local election, attention is focused on today's verdict. As soon as the ruling is released, Joo Young-jin's News Briefing will deliver it promptly and in detail.
3. The 2nd Comprehensive Special Prosecutor Team has summoned and is questioning Kim Kun-hee as a suspect regarding allegations of preferential treatment in the relocation of the presidential residence. This is the first time Kim has appeared before the special prosecutor team for questioning. However, her arrival today was not made public to the outside. The special prosecutor team is investigating allegations that Kim was involved in the process where the construction company was changed to 21gram, an unqualified firm, during the relocation of the presidential residence back in 2022.
4. The KOSPI surged right upon opening. It recovered the 7,000 mark intraday for the first time in four trading sessions since the 15th. A buy sidecar was triggered for two consecutive days, yesterday and today. SK Hynix even temporarily recaptured the 2 million won milestone during trading. Today's rise in the KOSPI is attributed to the U.S. stock market rising uniformly overnight, centered around semiconductor stocks.