Jang: "Yongbum Kim Was Driven Out by the People... Resignation Does Not Eliminate Responsibility"

"Kim is just the tail,
the body is President Lee"

Donghyuk Jang, Leader of the People Power Party, commented on September 1 regarding the resignation of Blue House policy chief Yongbeom Kim, stating, "He was driven out by the people. However, this matter cannot simply end with his resignation," as he called for a special investigation into the single-stock leveraged exchange-traded fund (ETF) issue.

Donghyuk Jang, Leader of the People Power Party

On his social network service (SNS) account that day, Leader Jang said, "The single-stock leveraged ETF was the creation of Yongbeom Kim," adding, "The stock market has become a gambling den, the people’s accounts have been emptied, and only the securities firms have made money."

Jang further stated, "It is not just anyone—Yongbeom Kim's son works at a securities firm, and Chairman of the Financial Services Commission Chanjin Lee's son is at the same firm," pointing this out.

He continued, "The Board of Audit and Inspection said it would conduct an audit, but there has been no word. After even overturning previous audits, can a board that is preoccupied with watching the administration’s reaction truly conduct a proper audit?" he questioned.

Jang remarked, "It is unlikely that Yongbeom Kim acted alone without President Jaemyung Lee knowing about it," further stressing, "Kim is just the tail; the body is likely President Lee."

He added, "Cutting off the tail does not make the body disappear. The prosecution has been eliminated, so there is no proper agency to investigate. It seems the prosecution was abolished for exactly this reason."

Jang stated, "The losses suffered by the people amount to 54 trillion won," stressing, "There must be a special investigation. Responsibility does not disappear just because someone resigns."

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