Jang Dong-hyuk Calls for National Investigation into Stock Market Turmoil

Jang Dong-hyuk, leader of the People Power Party, stated that the stock market has become a "gambling table" following the unprecedented activation of circuit breakers on both the KOSPI and KOSDAQ for two consecutive days. He called for a national investigation and a special prosecutor to address the situation.

During a Supreme Council meeting at the National Assembly, Jang remarked, "This has gone beyond mere mismanagement; it has approached criminal behavior that requires investigation through a national inquiry and special prosecution."

He noted, "The KOSPI has plummeted below the 5,000 mark, and the KOSDAQ has returned to levels seen before the Yoon Suk-yeol administration began." He added, "The monthly decline in the KOSPI has reached an all-time high, with both individual and foreign investors leaving the market, leaving institutions to prop it up alone."

In response to comments from Kim Yong-beom, head of the Blue House Policy Office, who stated that the volatility in South Korea is linked to the dynamic nature of individual investors and is not unique to the country, Jang criticized, "This is just a pathetic excuse that insults the public. If I were to add one more thing, they wouldn't even know how to board a plane to Korea."

He emphasized, "With the president suggesting that people should borrow money to invest, we have reached this point, yet they remain silent as if it is someone else's problem. It seems that a national investigation and special prosecution are the answers now."