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Minor opposition tables bill for special counsel probe into stock manipulation allegedly involving first lady

The minor opposition Justice Party tabled a bill Friday calling for a special counsel investigation of first lady Kim Keon Hee over stock manipulation allegations.

Kim is accused of being involved in the stock manipulation case where Kwon Oh-soo, former head of Deutsch Motors Inc., a BMW car dealer in South Korea, allegedly conspired with influential market players to boost the company’s stock prices years ago. Kwon was convicted and given a suspended prison sentence for the charge.

The bill was signed by 12 lawmakers, including all six lawmakers of the Justice Party and five lawmakers from the main opposition Democratic Party (DP).

It is similar to a separate bill proposed by the DP earlier this month but stipulates that the president should pick a special prosecutor from two candidates, both recommended by the DP and the minor opposition parties.

The DP’s proposal differs in that it only allows a parliamentary negotiating bloc, to which the president does not belong, to recommend candidates for a special prosecutor. In the current National Assembly, the DP is the only such negotiating bloc.

The DP and the Justice Party are expected to negotiate the matter to come up with a unified bill.

Source: Yonhap News Agency