On the first day of the National Assembly audit on October 6, the People Power Party raised concerns regarding the submission of documents by the government. This led to a back-and-forth between the ruling Democratic Party and the opposition.
During the audit of the Ministry of Finance and Economy by the National Assembly's Finance Committee, the introduction of single-stock leveraged exchange-traded funds (ETFs) became a focal point.
The People Power Party demanded the submission of related Blue House meeting minutes. Opposition lawmaker Bae Jun-young stated, "Single-stock leveraged ETFs have caused individual investors losses amounting to approximately 54 trillion won," and called for the submission of pre-review materials from a January 13 Blue House meeting, directives from the presidential office to the Ministry of Finance, and implementation plans.
Fellow party member Park Soo-young criticized the Ministry of Finance for its lack of diligence, asserting, "Unless the requested documents pertain to state secrets such as military, diplomatic, or North Korean relations, they should be submitted to the National Assembly."
Democratic Party lawmakers countered that the matter was outside the jurisdiction of the Finance Committee. Ruling party lawmaker Oh Gi-hyung argued, "Oversight of financial markets and financial products should primarily be handled by the Political Affairs Committee, and meetings related to the Blue House should be managed by the Operations Committee."
In the Climate Energy Environment Committee, a dispute arose between the opposition and the government over the list of advisory committee members for the 12th Basic Plan for Power Supply and Demand. People Power Party lawmaker Lee Cheol-kyu stated, "I requested the submission of the member list, but was told that it would be difficult due to potential unnecessary controversies over member qualifications," adding, "It is the National Assembly's duty to verify who participates in the power supply policy-making process."
Another lawmaker from the People Power Party, Kim Gi-hyun, questioned, "Is the member list a state secret or a matter of national security?" He emphasized the need for prior verification of expertise and ethics, citing potential conflicts of interest, and remarked, "It is more suspicious that they are hiding it."
In response, Democratic Party lawmaker Shin Jeong-hoon acknowledged, "I agree with the People Power Party's demands and basic principles," but urged that if the principle of confidentiality has been maintained, the party leaders should cooperate to facilitate a smooth meeting.
Meanwhile, Minister of Climate Energy and Environment Kim Seong-hwan explained that the list has not been disclosed historically due to concerns about various complaints directed at committee members. However, he added that he would report in an appropriate manner if necessary, as opposition discontent continued.
During the audit of the Ministry of Finance and Economy by the National Assembly's Finance Committee, the introduction of single-stock leveraged exchange-traded funds (ETFs) became a focal point.
The People Power Party demanded the submission of related Blue House meeting minutes. Opposition lawmaker Bae Jun-young stated, "Single-stock leveraged ETFs have caused individual investors losses amounting to approximately 54 trillion won," and called for the submission of pre-review materials from a January 13 Blue House meeting, directives from the presidential office to the Ministry of Finance, and implementation plans.
Fellow party member Park Soo-young criticized the Ministry of Finance for its lack of diligence, asserting, "Unless the requested documents pertain to state secrets such as military, diplomatic, or North Korean relations, they should be submitted to the National Assembly."
Democratic Party lawmakers countered that the matter was outside the jurisdiction of the Finance Committee. Ruling party lawmaker Oh Gi-hyung argued, "Oversight of financial markets and financial products should primarily be handled by the Political Affairs Committee, and meetings related to the Blue House should be managed by the Operations Committee."
In the Climate Energy Environment Committee, a dispute arose between the opposition and the government over the list of advisory committee members for the 12th Basic Plan for Power Supply and Demand. People Power Party lawmaker Lee Cheol-kyu stated, "I requested the submission of the member list, but was told that it would be difficult due to potential unnecessary controversies over member qualifications," adding, "It is the National Assembly's duty to verify who participates in the power supply policy-making process."
Another lawmaker from the People Power Party, Kim Gi-hyun, questioned, "Is the member list a state secret or a matter of national security?" He emphasized the need for prior verification of expertise and ethics, citing potential conflicts of interest, and remarked, "It is more suspicious that they are hiding it."
In response, Democratic Party lawmaker Shin Jeong-hoon acknowledged, "I agree with the People Power Party's demands and basic principles," but urged that if the principle of confidentiality has been maintained, the party leaders should cooperate to facilitate a smooth meeting.
Meanwhile, Minister of Climate Energy and Environment Kim Seong-hwan explained that the list has not been disclosed historically due to concerns about various complaints directed at committee members. However, he added that he would report in an appropriate manner if necessary, as opposition discontent continued.
* This article has been translated by AI.
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