Lee Choonseok Appointed as Head of Economic Subcommittee 2 Overseeing AI Policy
"Is the Secret to KOSPI 5000 Short-Term Trading During Plenary Sessions?"
All Traded Stocks Are Leading AI-Related Companies
Former People Power Party leader Han Donghoon strongly criticized Lee Choonseok, a lawmaker from the Democratic Party of Korea and chairman of the National Assembly Legislation and Judiciary Committee, who is currently embroiled in controversy over stock trading under borrowed names. Han questioned whether the secret behind the KOSPI 5000 target, which the Lee Jaemyung administration has pledged to achieve, is actually "short-term stock trading under borrowed names," given that Lee Choonseok serves as the head of the Economic Subcommittee 2, which oversees AI, industrial trade, science and technology, housing, and SOC.
Lee Chunseok, a member of the Democratic Party of Korea and chairman of the National Assembly's Legislation and Judiciary Committee, is checking a stock account opened under another person's name during a plenary session held at the National Assembly in Yeouido, Seoul, on the 4th. Photo by The Fact
Lee Chunseok, a member of the Democratic Party of Korea and chairman of the National Assembly's Legislation and Judiciary Committee, is checking a stock account opened under another person's name during a plenary session held at the National Assembly in Yeouido, Seoul, on the 4th. Photo by The Fact
On August 5, Han Donghoon wrote on his Facebook page, "The Democratic Party administration is essentially saying it will reach KOSPI 5000 by having the chairman of the Legislation and Judiciary Committee engage in short-term stock trading under borrowed names during a plenary session." He further added, "Did their confidence in pledging KOSPI 5000 come from the so-called 'three anti-stock market policies' (expanding the scope of capital gains tax on stocks + raising the securities transaction tax + pushing through the Labor Union Act)? When influential politicians or high-ranking officials engage in stock trading under borrowed names, it is especially problematic because they are people who handle undisclosed, sensitive information that can affect stock prices."
The exclusive report by The Fact on this day included a photo showing Lee Choonseok lowering his head and trading stocks during a National Assembly plenary session. The "stock holdings" section in the photo listed major domestic AI companies such as Naver and LG CNS, which are directly linked to the Lee Jaemyung administration's policies.
Hanjun Han, former leader of the People Power Party. Photo by National Assembly Press Photographers.
Additionally, on June 16, Lee Choonseok was appointed as the head of the Economic Subcommittee 2 of the National Policy Planning Committee, which is tasked with outlining the Lee Jaemyung administration's five-year blueprint. The Economic Subcommittee 2 is responsible for areas such as AI (artificial intelligence), industrial trade, small and venture businesses, science and technology, agriculture and fisheries, housing, and SOC. Government ministries under its jurisdiction include the Ministry of Trade, Industry and Energy, the Ministry of SMEs and Startups, the Ministry of Science and ICT, the Ministry of Agriculture, Food and Rural Affairs, the Ministry of Oceans and Fisheries, and the Korea Forest Service.
In response, Han Donghoon pointed out, "The person who directly oversees the Lee Jaemyung administration's AI policy has engaged in stock trading of AI-related stocks under borrowed names."
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