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'…
According to prosecutors, former Democratic Party of Korea (DPK) lawmaker Lee Choon-suak has been indicted without physical detention on charges of illegally trading stocks using a brokerage account under his aide's name. The accusations stem from alleged stock trading in March 2020 and June 2024. Lee, a four-term lawmaker, faces additional charges of receiving condolence money totaling 29 million won ($21,500) from four acquaintances in 2021 for his mother's funeral and for his daughter's wedding when he served as the National Assembly's secretary general.
Lee's indictment followed a press photo that was published showing him trading stocks on a mobile phone inside the parliamentary plenary chamber using the name of one of his aides. This image led to the beginning of a police investigation into Lee. The main opposition People Power Party and a civic group filed a complaint against him, which prompted the official charges.
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