Han denies contribution in addressing Lone Star Funds
By Nam Hyun-charm
President-elect Yoon Suk-yeol’s selection of Han Duck-soo as his first head of the state has gotten blended responses. He is a veteran official who served in key posts during past organizations. However, some accept he is too old to even consider pushing for changes in the approaching organization.
Yoon dropped hints about permitting the 72-year-old previous top state leader to have a more prominent say in selections of Cabinet priests and key arrangement regions than his ancestors. Notwithstanding the chance of having more carefulness, the street ahead for Han is cloudy as an intense affirmation hearing is normal in the National Assembly. Regardless of whether he finishes that assessment, it additionally stays unsure whether he can work without a hitch and switch things around for the country during the quick changing computerized period.
In spite of the fact that Yoon has placed high faith as far as Han can tell, given his experience of serving in key government posts in both moderate and liberal organizations, there are cynics who are suspicious of his ability to continue as a free-willed head of the state who forcefully satisfies his part in finding some kind of harmony with his chief, the president.
“I accept it is time that the excellent minster effectively practices his entitlement to prescribe Cabinet pastors to the president, as opposed to remaining as a formal chief,” Yoon’s representative, Rep. Kim Eun-hye, told columnists Monday.
“There have been endeavors to give more noteworthy caution and obligations to top state leaders in past organizations, however seeing a perceptible outcome was troublesome. … We will accept that as an illustration and put forth attempts to have a more mindful state leader.”
Han was named as the main top state leader of the Yoon government on Sunday. While declaring him, Yoon let correspondents know that he and Han have settled on the top state leader having more noteworthy attentiveness and obligations, for example, permitting him to prescribe priests and other Cabinet individuals to Yoon.
As indicated by the Constitution, priests and other Cabinet individuals can be selected by the president upon the suggestion of the state leader. Notwithstanding its motivation of appropriating the force of the president, the top state leader has for some time been considered as the stylized No. 2 man in the public authority. That is on the grounds that the president has overwhelmed selections and has the privilege to delegate or sack the state head.
During the 2012 official political decision, then-official competitors Park Geun-hye and Moon Jae-in both swore to present what was known as the “dependable state leader framework,” which is pointed toward supporting the No. 2 authority’s rights, however didn’t see substantial results.
Yoon’s goal to reinforce the state leader’s attentiveness is in accordance with his mission vow to leave from Korea’s tradition of “magnificent” administrations and agent many privileges of the president to the state head or pastors.
Be that as it may, questions have been raised with respect to whether Han will actually want to practice his carefulness to face Yoon himself.
During a radio meeting, Monday, Rep. Charm Sang-ho of the decision Democratic Party of Korea (DPK) said, “Han is certainly not a reasonable figure for this semi double leader framework.”
“He is a regulatory administrator, and it appears to be hard for Han to offer frank remarks to President-elect Yoon,” Woo said.
The standpoint is likewise blended with respect to the impending National Assembly hearing on Han.
Since the president requires the Assembly’s endorsement while delegating a state leader, he must get the endorsement of the greater part party, which is the DPK, which hold in excess of 170 seats in the 300-seat Assembly.
However DPK floor pioneer Rep. Park Hong-keun said Monday that the party will send off an intense and exhaustive verifying course of Han, various savants guess that the decision party will take a wary position toward Han, since he recently served in the state leader post during the liberal Roh Moo-hyun organization. Assuming the DPK condemns Han over his previous encounters in that organization, the party could wind up going against itself.
“It appears to be that the duly elected president is considering participation with the DPK one of the needs,” Rep. Ha Tae-keung of the primary resistance People Power Party (PPP) said during a radio meeting on Monday. “Han worked for the liberal Kim Dae-jung and Roh Moo-hyun organizations.”
Projecting further vulnerability is Han’s experience of having functioned as a consultant for law office Kim and Chang, which was the legitimate delegate of Lone Star Funds, whose dubious securing of stakes in the Korea Exchange Bank (KEB) caused cross country disturbance.
Urban gathering Specwatch said in a March 31 explanation that Han was a consultant for the law office from November 2002 to July 2003 and got 150 million won ($123,000) in compensation there. Consequently, he is liable for the Lone Star case.
Texas-based Lone Star Funds gained a 51-percent stake in the KEB in 2003 at 1.38 trillion won, in spite of contention that the cost was underestimated. The asset sold its stake back to Hana Financial Group at around 3.9 trillion won and afterward requested that the Korean government pay 5 trillion won, asserting that the public authority’s late endorsement of the cycle had made it endure misfortunes. The case has been in debate at the International Center for Settlement of Investment Disputes for over 10 years.
During his way to the workplace, Monday, Han let columnists know that he was “engaged with the situation as an administration official, however never had relations on this issue during my time at Kim and Chang.”
