Kim Minseok Raises Impeachment of Cho Hui-dae: "Judicial Reform Should Follow Prosecutorial Reform"

Leveraged ETFs
"The Party Must Respond with a Sense of Urgency"

Kim Minseok, a candidate for the party leadership in the Democratic Party of Korea's August 17 National Convention, ramped up his offensive on July 30 by mentioning the impeachment of Supreme Court Chief Justice Cho Hui-dae.

On this day, Kim posted on his social networking service (SNS) account, stating, "Three Critically Important Pending Issues," and made these remarks.

Kim Minseok, candidate for the Democratic Party of Korea's party leader, is talking with Assemblyman Jin Seongjun at the plenary session held at the National Assembly on July 30, 2026. Photo by Hyunmin Kim

He said, "After prosecutorial reform comes judicial reform," adding, "Supreme Court Chief Justice Cho Hui-dae’s neglect of duty has crossed the line—he continues to postpone the nomination of a successor to former Supreme Court Justice Noh Taeak, while moving forward with the selection of a replacement for Justice Lee Heungku, who will retire in September."

Kim further stated, "How is this any different from the case of Choi Sangmok, who was indicted for delaying the appointment of a Constitutional Court judge? If the nomination of a successor is not made immediately, can the impeachment in the name of protecting the Constitution be avoided?"

On single-stock leveraged Exchange Traded Funds (ETF), which have been identified as a factor increasing stock market volatility, he commented, "The public is experiencing a sense of emergency," adding, "The party must respond with the same sense of urgency."

Kim asserted, "We must tackle the issue of leveraged ETFs strictly and vigorously, and the relevant party committee should be expanded and reorganized to include market experts from the private sector, with the party leader overseeing this directly."

Regarding real estate taxation, Kim said, "Through intensive public debate lasting around two months, we should set the direction for housing taxation and also consider establishing a public forum for housing policy." He also proposed, "I suggest the party initiate research on a mega Housing New Deal that will make breakthrough investments in housing supply, public redevelopment, and residential welfare."

This content was produced with the assistance of AI translation services.