Lee Eon-ju "Investigation of 'humiliating disgrace' towards Li? During the Moon administration, 尹 prosecutors began"

◆ [YTN Radio SHINYUL's news]
■ Broadcasting: FM 94.5 (17:00-19:00)
■ Air date: November 21, 2024 (Thursday)
■ Proceedings: Shin Yul, Professor of Political Science and Diplomacy at Myongji University
■ Talk: Lee Eon-joo, the supreme council member of the Democratic Party of Korea,

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information.

- Domestic Economy Severe, Liquidity Decreases and Starts Worsening...Investment ecosystem needs to be reorganized
- Base rate cut? High 'real interest rate' attention...Shareholder loyalty obligations should be asked first
- Lee Jae-myung is the 'loser'...The current government is too harsh.
- Deprived of power by judicial officials? Excessive
- 'structuring of retaliation' People are sick and tired of
- The ruling party must be agonizing over ending distrust in the current government
- The government begins to reshuffle its personnel 'replacement of prime minister'..尹 You have to talk to the National Assembly.
◆ Shinyul: Shinyul's News Head-to-head Match Part 1 is the best class time. I have someone to meet at this time on Thursday. Oh, this person's history is really colorful. You've been a lawyer for now. He also served as a managing director of S-Oil, a three-term lawmaker, and is currently an executive secretary of the Small and Medium Venture Business Committee of the National Assembly. In addition, Lee Eon-joo, a member of the Democratic Party of Korea who chairs the Democratic Party's Future Economic Growth Strategy Committee, is also a member of the Democratic Party. As his career specifications are brilliant, I think there will be a lot of questions to ask. Representative Lee Eon-ju is in the studio right now. Please come in.

◇ Eonju Lee: Yes, hello. I was the secretary before that. It's not for now.

◆ Sin Yul: So it's not. Whether you did it before or now, it doesn't make much of a difference. Yeah, is this a falsehood? This isn't it. But in fact, lawmaker Lee Eon-joo is very well versed in the legal profession and knows the economy, and especially in the Democratic Party of Korea, he has served as an executive at this large company, so the Democratic Party of Korea is pushing for the revision of the commercial law. Supreme Council member Lee Eon-joo proposed it as a representative, what are you doing? What is this?

◇ Lee Eon-joo: Yes, this is the director's duty to be faithful to the shareholders. Now, this is not actually a commercial law, but to be precise, it should be stipulated in the Capital Markets Act. So this is a little too much to regulate even companies that are not listed. At our current level, we have this, but we have to go to the National Policy Committee, so it is difficult for our party to lead this, so we are now at the Judiciary Committee. Anyway, the contents of the commercial law are... I don't know if you've seen it recently, but there are some cases such as Doosan Barket. So when the largest shareholder makes his or her own decisions, it benefits the largest shareholder a lot in the process of making physical divisions, mergers, or stock exchanges, and this is a huge loss for the rest of the individual shareholders. In the case of LG Ensol, there was this. So there were cases where stocks almost plummeted. In fact, this can't happen in developed countries. Because of these things, individual investors leave the stock market with tears, so there are things that continue to leave the US market or something like this, so I think like this in the future. In the meantime, the state has led us in growing our industries, but now that we are already in advanced countries, it is difficult to predict which industries will do well in the future. In the meantime, you can copy others. That's popular, so I can copy that, but now we're ahead. I don't know what's going to go well because everyone's standing in front of me. Since there is a limit to the state's subsidizing and supporting it, then it should be done in the market. If you do that, which industry will do well and the funds will be concentrated there. The market takes care of it. That's what investors do themselves. As we study, it's the capital market, so in fact, if we go further from here, we can't go forward unless the stock market capital market is activated. So, we need to revitalize this and revitalize the ecosystem so that we don't damage other shareholders by considering the interests of certain shareholders when making decisions. Like that. Now, one thing here is that in the case of other countries, there's just this. Other countries are very strict about their duty to be faithful to their shareholders, but when it becomes a problem, they hold them responsible as civil or supervisors, but since this doesn't work out, we keep asking them as criminals. That's why I file a lot of complaints. So, the prosecution intervened and investigated, and the company became a mess. So rather than that, the fact is that ultimately, shareholders should be held responsible for the board of directors, and this director should not institutionalize the insurance system, damage compensation insurance system, so that he can get away from the risk again, so that the director can't take it all on his own. That's right. So I'm going to make that, and furthermore, once it's settled, ultimately, I shouldn't ask for any more professional malpractice as a detective. Now, I think we need to establish a civil questioning system.

◆ Shin Yul: Representative Lee Jae-myung and our Supreme Council member Lee Eon-joo held a meeting with stock investors. But stock investors are probably very worried about stocks right now.

◇ Lee Eon-ju: I have a lot of worries. There are also various reasons for that, and there's also a Korea discount. The war crisis is not completely disappearing, and I have that, but real interest rates are too high in the market right now. It's only like that in our country. If you do the economy again later, please ask me if you do the broadcast again. What's strange about this is that the base rate goes down now that the U.S. is lowering the interest rate. But the real interest rate was high because the loan was so tight. Then, the liquidity decreases. Of course, the capital market is not good. So in other countries, interest rates are all going down, so the situation in the capital market is good, but we are the only ones suffering. So I think these things are also because of household debt. But then I'm very worried about how long this is going to happen. It's serious right now. the domestic economy

◆ Sin-ryul: It's serious. The IMF also lowered Korea's economic growth yesterday.

◇ [Eonju Lee] I know. We proposed this as a representative of the amendment to the Commercial Act, but it is not all about abolishing the financial investment tax as we agree to abolish the financial investment tax, but it is important to create an ecosystem of such a capital market. So anyway, directors must consider the consideration of investors to shareholders when making decisions, especially in capital markets. Don't do it alone. You need to make public announcements and communicate with them. That's why we argued for these things and I also proposed a bill. However, Korean society still lacks awareness of these aspects, so

◆ Sin-ryul: It's because it's complicated. I don't really know.

◇ [Eonju Lee] I know. That's why large corporations, especially conglomerates, oppose it a lot, but I was an executive like this at a large company, right? But these things are becoming commonplace in global companies. So I was in a global company, wasn't I? Then, when the board of directors decides something, I decide very carefully because I'm worried that other shareholders might be sued by investors in the future. We debate all day long. Don't you have to do that?

◆ Shin Yul: Earlier, Supreme Council member Lee Eon-joo said that Korea has become an advanced country, so we are at the forefront. But now you are the chairman of the Future Economic Growth Strategy Committee. Aren't you thinking about things like that? What am I supposed to do?

◇ That's right. We're going to the field now, so you know all the high-tech strategic industries and semiconductors, but other than that, since it's a superpower industry to create AI and do these things, how are we going to build the power grid? And various kinds of battery problems. This battery is mobile energy. So we're thinking about how to support the state, how to support it financially, how to revitalize the capital market, how to support it systematically, and how to create an ecosystem.

◆ Shin-yul: I also have to ask about the political situation in Korea, but the perjury teacher... First, the first trial of violation of the Public Official Election Act and now, a year and a two-year suspended prison term. What do you think? Because you're a lawyer.
◇ To be honest, I was actually very surprised. To be honest, it's very unexpected.
◆ Sin-ryul: Medium. That's about

◇ Eonju Lee: First of all, I didn't think that would be a problem with the photo that we talked about earlier. Because

◆ Shin Yul: Why are you talking about golf photos with the late Kim Moon-ki?

◇ Eonju Lee: That's right. That picture was edited like this. Originally, it was a picture taken with 10 people, but it looked very intimate because it looked like four people took it, so there could be things like that, but basically, the manipulation is not completely wrong, so it was judged as false or false. So I never said I didn't play golf. But I emphasized that the fact that the photo came out so closely with the four of us is that the problem was fabricated, so it might sound like that, but I judged this as a false fact. So I'm a little confused whether it's accurate to describe it as manipulation or editing, but it wasn't without it as a false fact. Later on, we'll have to argue with the CEO at the appeal trial. However, the latter part is very complicated, but even if this part is guilty, many people talked about 800,000 won even in terms of the power of the people, right? It's because you're a loser. The loser, so we had an election and we lost. If you do that very narrowly, the ordinary election law was originally created to invalidate the election in order to return the unfair victory when the winner won the election by cheating. Then, this is the loser, but he's already down after losing, but it's not the original purpose of the election law to stop him from happening again, but I've never seen this before, whether it's right to be this harsh on the loser. So, until now, I've never seen a prison sentence for spreading false information. Yes, it will probably be unprecedented.

◆ Shin Yul: No, there is. When Huh Kyung-young talked about something with former President Park Geun Hye, he probably served a prison term. So, that person

◇ Lee Eon-joo: But the situation is a little different from Heo Kyung-young, and moreover, this was a presidential candidate.
◆ Shin Yul: Yes, it was not the main opposition party and the ruling party

◇ Lee Eon-joo: Wasn't the ruling party's two-party structure anyway? That's why you're the loser, but you're depriving him of the opportunity to come out in the next game. It's not about the effectiveness of this election. So it's not that you cheated in that election, it's invalid, it's that you're going to disqualify yourself from the next election. It's incredibly harsh. So, I actually have a constitutional problem with this part because it's a battle between the two, and the presidential election is related to the constitutional spirit within the constitutional system, and in the case of the ruling party, especially the president, the prosecution is suspended after the election. So even if there are issues suspected of spreading false information, they can't be prosecuted, and they're suspended right there. That's why there's nothing wrong with the ruling party. But when you're a loser and you're deprived of the opportunity to go to the next election, this is not very equal. It's not fair, so this is a violation of the constitutional spirit of equality and prohibition of excess. So, regardless of the facts, it's regrettable that the representative's lawyers didn't do well in the election. But I think I'm a little questionable in that constitutional part.

◆ Shin Yul: Now that we're talking about the election law, the public office election law, I think a member of the Democratic Party has proposed a bill to revise the election law. Now, however, the main content is the removal of the false disclosure clause, the 10 million won increase in the standard for deprivation of parliamentary seats, and now the exception that takes effect three months after the bill is passed. I said this, but I actually don't agree 100% on this, but what I want to ask the Supreme Council member Lee Eon-joo is that he often publishes false information. From the perspective of the general public, then you can just say anything during the election. What do you think?

◇ Eonju Lee: I think it's been a little too much to even delete this. This is not from Dang, but from this person. I think there are international trends in this. I don't know if this is the same all over the world, but in the case of the United States, for example, they are very generous in spreading false information.

◆ Sin-ryul: I knew it when I saw Trump.

◇ [Eonju Lee] Even Harris says a lot of exaggerated things, doesn't she? So it's a kind of politics that goes by like this. How should I say this? They talk a little bit and restrict money. So, they do something fraudulently. They punish things like spending money illegally, such as throwing money freely, but they ask that all areas that are ambiguous in terms of freedom of expression should be spread with false information. Isn't it very ambiguous in the case of the previous case, other than unclear spreading of false information? It's this editing, but it's not a manipulation, right? So I think we need to ease those areas a little bit. Anyone can see that this is the only thing that can be punished, and the Grey Area can actually be mistaken or exaggerated if you talk about it on air. For example, tens of thousands of people were elected and tens of millions of people were elected, but the public will deprive them of it by that mistake. It's not in line with the principle of proportionality anymore. The consequences are too harsh for the wackiness of one action. So I think we need to punish the obvious falsehood. However, Korea is kind of like this, such as punishing ambiguous things as it is now. As a result, the investigator has a lot of power, so it's called a bureaucrat, a judicial bureaucrat. Prosecutor Bureaucrats Sometimes the power of judicial officials is far greater than the power of voters elected by democracy. That's a hard case to see in developed countries. So I think I should not go that far.

◆ Shin-ryul: So it's a clear false fact, not a clear false fact, but a clear false fact. Okay, but what about raising that 5 million won or 10 million won?

◇ Lee Eon-joo: I think 10 million won is suddenly going up too fast. A million won is usually too much for me. For example. We shouldn't have thrown this business card at a subway station or something, but we did. But since I'm a beginner, for example, rookies are not good at such regulations, so it's very complicated. The election law doesn't even know the employees except for the election commission employees. I even look for the NEC staff. So, for example, when you distribute the business card in the subway station, do you think it's possible or not to have a roof, and is it the other way around? If it's not there, can't it work?

◆ [Voiceover] The presence or absence of a roof is important.

◇ Lee Eon-ju: It depends on how many centimeters the roof has come out. That's why it's so complicated. But you're aiming for it again, and the other person takes it. So if you get caught in that gap, it becomes a problem. But if it came out more than 1 million won, he was elected.
◆ Sin-ryul: I can't do it for 10 years.

◇ Lee Eon-ju: What happens to the voters who voted for him if the election is nullified? So it's too much of a law for some public servant. This isn't something we're trying to do while doing democracy. That's why we shouldn't spend money to buy or do this, so we shouldn't be misled by regulations for regulatory punishment. I think that we shouldn't be overturned. So 1 million won is a little harsh. So this is

◆ Shin Yul: 10 million won is too much

◇ Eonju Lee: Yes, so I've been thinking that it needs to be raised a little bit.

◆ Shin Yul: And there's a lot of talk about that in terms of people's power right now. What we are talking about is that if the Democratic Party pushes the judiciary too much, the sentence can be more serious within the boundaries of the judiciary. How do you rate that?

◇ Lee Eon-ju: I don't think that's because the power of the people is worried about us.

◆ Sin Yul: It's not obvious, but I wouldn't worry.

◇ [Eon-Joo Lee] Yeah, but anyway, the judiciary is now in a position of judgment. So in this case, especially in the case of election law, is the Democratic Party 40 billion now? It's a situation where you have to throw up 40 billion won, but I think that's actually a little unconstitutional. It's not that you throw up yourself, but this is the sugar, and then this is the right thing to do. As I said earlier, if you are elected, it's over. That's right. If you're elected, there's no problem, and in the case of a presidential election, you don't have to throw up, but if you fall, you're completely dead. Everything is ruined, so if this starts to happen in the future, the presidential election should be elected by any means. Because it's like this, it becomes more confusing. So I think this is a little unconstitutional, but from the party's point of view, it needs to be respected because the judiciary has the right to decide anyway. So what we're going to criticize is criticizing, but it's necessary to do everything from our point of view so that it's not too criticized like this. We have to respect each other and say what we have to say. That's what I think.

◆ Sin Yul: And this is a bit of a side branch, but it's a JoongAng Ilbo report. What this title is is, in the midst of Lee Jae-myung's first crisis, gradually. The cat kiss photo posted by former President Moon Jae In is here. You must have seen this picture, how do you rate it?

◇ Yes, would you have kissed me by connecting this now? If you thought about it, you would have been depressed, but you wouldn't have thought about it. However, there are our supporters, so there are those who are heartbroken. In the current situation, all of these issues started during the administration. Investigations and other things are the reason why supporters, especially those who are strong, must feel bad right now, right? So it's better to be a little careful. Isn't it bad that some kind of internal division shouldn't happen for nothing? That's what I think. Then, you mentioned the judiciary earlier, but I also talked about it at the Supreme Council yesterday. I said about the Democratic Party of Korea in the judiciary, saying that the Democratic Party of Korea does not respect the judiciary, but Chairman Lee Jae-myung always says that. Never criticize the judiciary or make rude remarks about it at the Supreme Council. Because it's the judiciary's decision anyway, and we must protect the independence of the judiciary, and that's why we want to take power within the constitutional system. We're not trying to revolutionize. That's why you've emphasized several times that the judiciary must show respect for its role in the independence of the judiciary within this constitutional system. But now, unfortunately, is it now the special prosecutor for the Yoon Suk Yeol of the previous administration? I don't know exactly when it was time for prosecutor general.
◆ Shin Yul: When he was the Prosecutor General, not the Special Prosecutor General

◇ Eonju Lee: Yes, I think that's possible. So at that time, many high-ranking judges, including Chief Justice Yang Seung-tae, were investigated in the name of judicial manipulation, and even then, they investigated like they caught something. I heard that it was a very humiliating scene, wearing a prison uniform, and putting it on the photo line like this. In fact, the matter itself was not a very corruption or a serious crime, but it was a violation of the law to delay the trial in consideration of the national interest in making a judgment in the trial. So even if it's illegal, it's not some kind of shameless crime, is it? But the investigation was very humiliating. I heard that the shock that the court and judiciary experienced at that time was tremendous because it humiliated the people. Since then, I've heard that the judiciary has some fear or distrust of the Democratic Party, and in fact, the case is now the president of the prosecutor general Yoon Suk Yeol who spearheaded it, and representative Lee Jae-myung has nothing to do with it. Moreover, the CEO once said that, and especially in my case, as a politician at the time, I reflected on my failure to prevent the investigation's runaway. I still regret it a lot. Our society was actually like that at that time. The atmosphere was like that.

◆ Sin Yul: I know what you mean.

◇ But if you look at it now, most of them are innocent. And I'm very sorry, and how shocked they must have been at that time, and the court administration was raided at that time. So in the end, what is it? Our society now has to work together to overcome the judicialization of politics and the politicization of justice. That's our task. So that's what the Democratic Party did, so it's not a matter of distrusting the Democratic Party.

◆ Sin-ryul: Of course, the judiciary will rule on objective evidence and testimony.Only

◇Lee Eon-joo : Just in case there are any prejudices now

◆ Shin Yul: And did you see that impeachment in the Cho Kuk Innovation Party?

◇ Lee Eon-ju: Yes, approximately

◆ Shin Yul: How do you rate it?

◇ Eonju Lee: Now I think that you're trying to play the role of an icebreaker.

◆ Shin Yul: But the Democratic Party hasn't said that at all yet.

◇ Lee Eon-joo: We think impeachment should be 200 seats. But this 200 seats doesn't mean that the opposition party barely fills the 200 seats by adding a few more people to the 200 seats. In addition, apart from analyzing the propensity of constitutional judges, even if the propensity is conservative, it may be in favor of it. But what this is is a distrust of the president, and I think it can proceed when public opinion is supported and when the entire National Assembly, regardless of the ruling party and the opposition party, has such a consensus. I think that's the requirement for two-thirds of impeachment. So that's what happened during the last impeachment of the Park Geun Hye. So, I'm not that mature yet. Public opinion and various things, so I think we should watch it a little more. Anyway, I highly appreciate the part of working hard as an icebreaker, but they have their own roles. Anyway, we have to act responsibly as an authorized party. Next, if you listen to the public opinion, there was a lot of fuss about the method after that, and we talked about judicial manipulation earlier, but what kind of retaliation should I call it? There are people who are very disgusted with repeated retaliation.

◆ Sin-ryul: I think it has a learning effect.

◇ I need a little more time because a lot of people say, "Is there a way other than that?" So, I think it will not be easy for the ruling party to end the distrust of the government and various difficult situations as a nation. Considering that, I think it will not be easy until the beginning of next year.

◆ Shin Yul: Finally, one more simple thing is that President Lee Yoon Suk Yeol is going to renovate his personnel. If you give me advice, I shouldn't do this. What will happen if you say it simply?

◇ Lee Eon-joo: First of all, you have to replace the prime minister first, but he's not doing anything. But the National Assembly needs to agree to reform the prime minister. Then you have to talk to the National Assembly. However, he continues to insist that he does not admit that any majority party is now the opposition party at all. So this is a denial of democracy, and I'm telling you that politics can't be done that way. Recognize the reality. The second is the economy and then the security. Can't you see the Trump administration trying to end the war in security Ukraine? However, the Biden administration is trying to expand the war with a term of office that is not far away, and now it is struggling. The government of Yoon Suk Yeol. It's a very dangerous situation. So this has to be done immediately, and I think that the security chief or the defense minister related to security has a very serious problem. So if this is the case where the spark of war comes to the Korean Peninsula, it will be a big deal because it is not just a matter of the Yoon Suk Yeol government but of our fate. I warn you that you can be really impeached with this. In my view, the economy is in jeopardy. There could be some kind of crisis at the moment. So I'm keeping my head up, but even in the economic situation, as I told you earlier about interest rates, if household debt is serious, I'll make a plan to relieve household debt and recommend it to the people, but I'm busy just sitting down and blocking it. But it's supposed to explode eventually. So, I'm sitting here doing nothing and getting paid,

◆ Velocity: Economic line

◇ Lee Eon-ju: We need to replace all the economic lines so that we can struggle with something. If that's the case, the president should do some politics now.
◆ Shin Yul: Okay. You must have a lot to do these days, and you must be very busy, so thank you for coming out in person. Let's stop here today. Thank you.

◇ [Eonju Lee] Thank you.

◆ Shin Yul: I've been the supreme council member of the Democratic Party of Korea, Lee Eon-joo.