SEOUL: The National Assembly of South Korea has forwarded two special investigation bills to the presidential office. One bill calls for an independent investigation into stock manipulation allegations involving First Lady Kim Keon Hee, while the other focuses on a corruption case known as the “5 billion club.”
According to Yonhap News Agency, President Yoon Suk Yeol’s office has indicated that Yoon will veto the bills. The first bill concerns allegations of Kim Keon Hee’s involvement in the stock manipulation of Deutsch Motors Inc., a BMW car dealer, between 2009 and 2012. The second bill pertains to a development project scandal in Daejang-dong, Seongnam, involving promises of 5 billion won to six individuals from an asset management firm. Both proposals were passed by the main opposition Democratic Party-controlled parliament last week.