Jang Dong-hyuk, the leader of the People Power Party, asserted on September 2 that a special investigation is necessary to uncover the truth regarding the single stock leverage exchange-traded funds (ETFs) and the false closure of a missing person case in Jeju.
During a press conference at the National Assembly, Jang stated, "The damage to the public caused by single stock leverage ETFs amounts to 54 trillion won," adding, "Kim Yong-beom, the former head of the Blue House Policy Office, and others have effectively plundered the public's assets to enrich securities firms."
He referenced recent allegations of secret meetings between Kim and Park Hyun-joo, the chairman of Mirae Asset Group, saying, "If Kim's relentless push for single stock leverage ETFs is a result of lobbying by Mirae Asset, then his resignation is not enough. We need to investigate this 'ETF Gate.'"
Jang emphasized that Kim could not have acted alone in such a significant incident, urging an investigation into the involvement of the entire policy line, including the Blue House, the Office for Government Policy Coordination, the Financial Services Commission, and the Financial Supervisory Service. He insisted that the truth must be thoroughly examined through a National Assembly investigation and a special prosecutor.
Additionally, Jang called for a special investigation into the police's handling of the false closure of the missing person report for Jang Mi-ran. He criticized the police's conclusion that the case was merely a personal deviation by a deputy chief, labeling it as a case of "shoddy investigation and protecting their own."
He pointed out that there are 25 additional cases of false closures linked to the deputy chief, with 15 cases recorded as deaths despite confirming safety. "Yet, the involvement and accountability of the command line have not even been questioned," he noted.
Jang stated, "We cannot leave cases involving the police in the hands of the police. We must conduct a thorough investigation from the ground up, considering all possibilities, including the deputy chief's direct crimes or potential involvement, as well as the command line's participation. We will definitely push for a special investigation at the party level."
He added, "This administration has dismantled the prosecution and stripped it of supplementary investigative powers. Now, the only way to investigate cases involving the police is through a special prosecutor."
During a press conference at the National Assembly, Jang stated, "The damage to the public caused by single stock leverage ETFs amounts to 54 trillion won," adding, "Kim Yong-beom, the former head of the Blue House Policy Office, and others have effectively plundered the public's assets to enrich securities firms."
He referenced recent allegations of secret meetings between Kim and Park Hyun-joo, the chairman of Mirae Asset Group, saying, "If Kim's relentless push for single stock leverage ETFs is a result of lobbying by Mirae Asset, then his resignation is not enough. We need to investigate this 'ETF Gate.'"
Jang emphasized that Kim could not have acted alone in such a significant incident, urging an investigation into the involvement of the entire policy line, including the Blue House, the Office for Government Policy Coordination, the Financial Services Commission, and the Financial Supervisory Service. He insisted that the truth must be thoroughly examined through a National Assembly investigation and a special prosecutor.
Additionally, Jang called for a special investigation into the police's handling of the false closure of the missing person report for Jang Mi-ran. He criticized the police's conclusion that the case was merely a personal deviation by a deputy chief, labeling it as a case of "shoddy investigation and protecting their own."
He pointed out that there are 25 additional cases of false closures linked to the deputy chief, with 15 cases recorded as deaths despite confirming safety. "Yet, the involvement and accountability of the command line have not even been questioned," he noted.
Jang stated, "We cannot leave cases involving the police in the hands of the police. We must conduct a thorough investigation from the ground up, considering all possibilities, including the deputy chief's direct crimes or potential involvement, as well as the command line's participation. We will definitely push for a special investigation at the party level."
He added, "This administration has dismantled the prosecution and stripped it of supplementary investigative powers. Now, the only way to investigate cases involving the police is through a special prosecutor."
* This article has been translated by AI.
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