'Cha Myung Investment Suspicion' John Lee: "I Will Design My Second Act in Life Through Financial Education"

Update Revealed on YouTube

YouTube channel 'John Lee Lifestyle Stocks' video capture

[Asia Economy Reporter Minji Lee] John Lee, former CEO of Meritz Asset Management who resigned amid allegations of proxy investment, announced on the 8th that he plans to design the second act of his life focusing on financial education.

On the same day, former CEO John Lee shared his recent status and feelings in a 6-minute 58-second video posted on his YouTube channel 'John Lee Lifestyle Stocks.' The video was filmed on the 21st of last month.

John Lee said, "The past one or two months were probably the toughest time in my life," adding, "My reputation built over more than thirty years was greatly affected, and I thought I should greet you all through YouTube."

He continued, "The first act in Korea has ended, and I believe this is the beginning of the second act," and stated, "I plan to design the second act of my life focusing on education." He added, "What the second act means is that I want to emphasize the importance of financial education for children and preparation for old age, and I also want to keep telling people not to spend money on coffee."

He emphasized that he will continue to fulfill his promises, such as supporting orphanages and buying funds for elementary school students who have practiced the content of his lectures.

Earlier, former CEO John Lee resigned on June 28 after allegations surfaced and the Financial Supervisory Service began investigating the proxy investment issue. During the investigation, Meritz Asset Management admitted that four private equity funds for P2P (peer-to-peer) investments had invested in products of company P, in which John Lee’s spouse owns part of the shares.