Overview

• Lee Choon-suak resigned from the Democratic Party and stepped down as chair of the National Assembly’s Legislation and Judiciary Committee after a photo showed him operating a stock-trading app under his aide’s name during a plenary session.
• Democratic Party leader Jung Chung-rae said formal expulsion proceedings will move forward to bar Lee from returning despite his voluntary departure.
• The party’s ethics oversight panel has launched an internal inquiry under the Real-Name Financial Transactions Act and Public Service Ethics Act over the alleged proxy trades.
• Opposition lawmaker Joo Jin-woo filed a criminal complaint and Seoul’s Yeongdeungpo Police have booked Lee and his aide on suspicion of nominee stock trading.
• President Lee Jae Myung ordered relevant authorities to conduct an impartial investigation and removed Lee from the presidential state affairs committee’s economic subcommittee.