Jang Dong-hyuk: Stock market 'Black Every Day,' Blue House and FSC must be investigated... 'Mouth-gag law' is Lee Jae-myung's immunity law

South Korean opposition leader Jang Dong-hyuk has sharply criticized the current administration, accusing it of plunging the nation's stock market into a state of "black every day." Speaking at a party meeting, Jang expressed deep concern over the recent market downturn, noting that both the KOSPI and KOSDAQ indices experienced significant drops, triggering sell-off circuit breakers.

Jang pointed to single-stock leveraged Exchange Traded Funds (ETFs) as the primary culprit behind the market's instability. He highlighted that numerous experts had previously warned about the inherent risks associated with these financial products. The opposition leader demanded more than just an audit, calling for a full-scale investigation into the entire process of introducing leveraged ETFs.

His criticism extended to the proposed amendment of the Information and Communication Network Act, which the People Power Party has dubbed the 'Lee Jae-myung immunity law.' Jang vehemently opposed the bill, characterizing it as a "freedom-stripping law" designed to control the public's speech and thoughts, specifically targeting any criticism directed at President Lee Jae-myung.

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The Blue House, Financial Services Commission, Financial Supervisory Service, and securities firms must thoroughly investigate the leveraged ETF introduction process.

The controversial bill reportedly seeks to impose penalties, including up to five times the damages, for circulating 'false or manipulated information' online. Repeated or malicious dissemination could result in fines of up to 1 billion won. Jang vowed to observe whether similar scrutiny would be applied to figures like commentator Kim Eo-jun.

Additionally, Jang was scheduled to meet with the Gwangju Metropolitan Police Agency chief to discuss issues such as the retention of supplementary investigation powers. This meeting follows controversy surrounding alleged collusion between a police official and investigators in the case of a high school student's murder in Gwangju.

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This is an 'Lee Jae-myung immunity law' that aims to arrest anyone who touches President Lee Jae-myung. It is a freedom-stripping law that controls the public's speech and thoughts.