PPP apologizes for Guro District Office chief’s abrupt resignation

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PPP apologizes for Guro District Office chief’s abrupt resignation

Published: 16 Oct. 2024, 18:49

A banner protesting against former Guro District Office head Moon Hun-il is seen in Seoul. [JOONGANG ILBO]

The conservative People Power Party (PPP) apologized Wednesday after Seoul's Guro District Office chief resigned abruptly in protest of a government order to place his stocks in a blind trust.

Moon Hun-il, who was elected on the PPP ticket in June 2022, submitted his resignation to the Guro council on Tuesday after losing his lawsuit against the government order in an appellate trial.

By law, all lawmakers and senior government officials are required to sell their stock holdings or put them in a blind trust during their time in office if the government deems the assets to be related to the job.

Moon is the founder of the information and communications equipment firm Moon Engineering and reportedly owns 17 billion won ($12.48 million) worth of shares in the company.

"The Guro-A chapter feels strong responsibility for nominating and getting elected former district office chief Moon and apologizes to residents," Ho Jun-seok, a PPP spokesperson and chief of the Guro-A constituency chapter, wrote on Facebook.

"We are also sincerely sorry that following the court's decision, Moon chose to resign from public office over the blind trust without consultations with the party," he added.

Moon's resignation triggers a by-election next April to choose his successor.

Yonhap