Jung Jeom-sik, the floor leader of the People Power Party, stated on August 5 that if the Democratic Party wishes for the success of the Lee government, it must accept a national investigation into the recent turmoil in the stock market.
In a post on his Facebook page, Jung argued, "To restore the trust that has been lost in the market, both the government and the National Assembly must make continuous efforts."
He added, "The Democratic Party seems to think that a national investigation would increase the political burden on the Lee government and the ruling party. Refusing the investigation simply because it poses a political burden is a one-dimensional judgment. If the Democratic Party continues to indulge the Lee government, it will repeat the same mistakes in the future."
Jung emphasized the necessity of a national investigation to gather key officials, including Kim Yong-beom, head of the Presidential Policy Office, Deputy Prime Minister and Minister of Economy and Finance Ku Yun-cheol, and Financial Services Commission Chairman Lee Ok-won, for questioning. He stated that it is essential to examine the background of the introduction of single-stock leveraged exchange-traded funds (ETFs), the appropriateness of the authorities' response to market conditions, and the management of pension funds during the stock market chaos, and to seek improvements if necessary.
He clarified, "This is not about engaging in political strife, but about assessing the government to restore the damaged trust in the market. Let’s review and assess the government to find better governance solutions. I urge the Democratic Party to respond positively to a genuine national investigation and policy review."
In a post on his Facebook page, Jung argued, "To restore the trust that has been lost in the market, both the government and the National Assembly must make continuous efforts."
He added, "The Democratic Party seems to think that a national investigation would increase the political burden on the Lee government and the ruling party. Refusing the investigation simply because it poses a political burden is a one-dimensional judgment. If the Democratic Party continues to indulge the Lee government, it will repeat the same mistakes in the future."
Jung emphasized the necessity of a national investigation to gather key officials, including Kim Yong-beom, head of the Presidential Policy Office, Deputy Prime Minister and Minister of Economy and Finance Ku Yun-cheol, and Financial Services Commission Chairman Lee Ok-won, for questioning. He stated that it is essential to examine the background of the introduction of single-stock leveraged exchange-traded funds (ETFs), the appropriateness of the authorities' response to market conditions, and the management of pension funds during the stock market chaos, and to seek improvements if necessary.
He clarified, "This is not about engaging in political strife, but about assessing the government to restore the damaged trust in the market. Let’s review and assess the government to find better governance solutions. I urge the Democratic Party to respond positively to a genuine national investigation and policy review."
* This article has been translated by AI.
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