Myung Tae-kyun appears in front of a court in Changwon in November. (Newsis)
Myung Tae-kyun appears in front of a court in Changwon in November. (Newsis)

The ruling People Power Party announced Tuesday it would ask acting president Choi Sang-mok to veto two bills the opposition parties plan to forward to the National Assembly's plenary session without the ruling party's consent.

One of the bills is a special counsel bill to investigate Myung Tae-kyun, a political consultant and self-proclaimed power broker who allegedly had exploited ties with President Yoon Suk Yeol and his wife Kim Keon Hee to have the ruling party nominate a National Assembly candidate he favored. The high-profile election meddling scandal allowed former Rep. Kim Young-sun to secure a parliamentary seat in the 2022 by-election.

The other of the two is a revision of the Commercial Act to urge a company's boardroom directors to perform their duties in good faith for the interest of not only the company but also shareholders.

According to the Democratic Party, its lawmakers would table both bills to the upcoming plenary session before the end of February.

In response to this, Park Soo-min, floor spokesperson of the ruling People Power Party, said the party would advise the acting president to veto these two bills as soon as they go to a Cabinet meeting.

Park said the special counsel investigation under the bill would "encompass the political circles as a whole, which would have a substantial impact." As to the proposed Commercial Act revision, Park said the bill would "create confusion in the corporate governance and merely increase the corporations' legal expenses."


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