Opposition Party Adopts Stance Against 'Manipulated Indictment' Special Prosecutor Bill

The People Power Party held a general meeting on September 29 at the National Assembly, adopting a party stance against the so-called "manipulated indictment (cancellation of indictment) special prosecutor bill" and in favor of introducing a special prosecutor bill for single-item leveraged exchange-traded funds (ETFs). The party also announced plans for additional outdoor protests, escalating its offensive against the ruling government.

Floor Leader Jeong Jeom-sik stated, "Conducting an investigation with a predetermined answer of manipulated indictment is a special prosecutor aimed at building up a cancellation of indictment." He emphasized that the opposition party would take a resolute stand against this. Jeong warned President Lee Jae-myung, saying, "If you push for the cancellation of indictment, it will lead to impeachment and calls for resignation, which should be kept in mind."

The decision to pursue a special prosecutor for single-item leveraged ETFs was also adopted as a party stance. Jeong remarked, "We must uncover the truth behind the tragedy that caused a loss of 54 trillion won to the public. Even if it is discarded or rejected by the majority party, we will ensure it is passed in the 23rd National Assembly if not in the 22nd."

The People Power Party has announced a large-scale outdoor rally on October 3 in the area around City Hall Station in Seoul to condemn the Lee Jae-myung government. Chief Spokesperson Choi Soo-jin told reporters after the general meeting, "The public is filled with anger over the collapse of the criminal justice system, the devastation of livelihoods, and the failure of real estate policies. The People Power Party will fight alongside the people."

In relation to the abolition of the prosecution office on October 2, there are also movements to hold separate outdoor rallies on October 1 or 2. Choi noted, "It has not been finalized, but there have been various opinions, including holding nationwide outdoor rallies and possibly additional gatherings on the 1st or 2nd."