Lee Jae-myung’s ‘ownership of defense stock’ controversy over Democrats “holding before running for the by-election”

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The Democratic Party of Korea (DPJ), who is a member of the National Assembly’s National Assembly’s National Assembly’s National Defense Committee, explained that he had a stock in the defense industry and raised controversy over job relevance.

According to the property disclosure details of the National Assembly published by the National Assembly on the 27th of last month, CEO Lee acquired 1,670 shares of Korea Shipbuilding & Marine Engineering and 690 shares of Hyundai Heavy Industries for a total of 231.25 million won.

The stocks were not specified in the candidate’s property details that Lee reported during the presidential election earlier this year, but CEO Lee said that he purchased these stocks with his existing savings.

In response, the Democratic Party said in a media announcement, “The stocks were held before the decision to run for the by-election and have nothing to do with the National Defense Commission’s activities.” told

He also explained, “Normally, a review period of two months is required, and we have not yet been notified of the results.”

If it is determined as a result of the examination that it is job-related, stocks exceeding KRW 30 million must be sold or trusted within two months, and the fact must be reported to the property registration authority.

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