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Free AccessOpposition Leader Lee Attends Key Court Hearing, Democratic Party Elects New Floor Leader
Opposition leader Lee Jae-myung attended a court hearing today after parliament allowed prosecutors to issue an arrest warrant against him over corruption allegations. Yonhap News Agency reports that the Seoul Central District Court may announce its decision on his arrest as soon as tonight.
- Lee attended the hearing after ending his 24-day hunger strike, which led to his hospitalisation. The politician started his protest citing the government's economic mismanagement and other policy matters.
- Parliament's decision to waive Lee's arrest immunity came as a surprise as the legislature is controlled by his Democratic Party (DP). The decision was taken in a 149-136 vote which required defections from the ranks of the DP.
- Hong Ihk-pyo was today elected the DP's new floor leader after Park Kwang-on resigned from the post on the back of his failure to stop the passage of the motion waiving Lee's arrest immunity.
- Speaking to reporters after his election, Hong expressed hope that the charges against Lee will be dropped, while pledging to "create a driving force to win the general election next year together with party leader Lee Jae-myung".
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.