Ex-DPK lawmaker indicted for alleged stock trading under borrowed name
Prosecutors have indicted independent Rep. Lee Choon-suak without physical detention on charges of trading stocks under a borrowed name, officials said Tuesday. The four-term lawmaker is accused of violating the law on real-name financial transactions for allegedly trading stocks using a brokerage account under his aide's name in March 2020 and June 2024, the Seoul Southern District Prosecutors'…
The Korea Times reports that former Democratic Party of Korea lawmaker Lee Choon-suak has been indicted for allegedly trading stocks under a borrowed name. The four-term lawmaker is accused of violating real-name financial transaction laws by trading stocks using a brokerage account under his aide's name in March 2020 and June 2024.
Additionally, Lee is facing charges of receiving 29 million won ($21,500) in condolence money for his mother's funeral and gift money for his daughter's wedding in 2021. Lee left the ruling Democratic Party of Korea in August last year after a press photo emerged showing him trading stocks on a mobile phone using the name of one of his aides inside the parliamentary plenary chamber.
The investigation into Lee began soon after the main opposition People Power Party and a civic group filed a complaint against him.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
