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Justice minister nominee's 2017 investment agreement sparks new questions

Found: Fri Aug 16 01:05:56 2019 PDT
Source: Korea Herald, The (South Korea)
Copyright: 2019 Korea Herald
Webpage: [translate]
Author: Kim Bo-Gyung Published : Aug, 2019 -:, lisakim425@herald

topical analysis
prison was NOT mentioned
propaganda analysis

Justice minister nominee's 2017 investment agreement sparks new questions Justice minister nominee's 2017 investment agreement sparks new questions

* National * Politics

* Social Affairs


* Politics

Justice minister nominee's 2017 investment agreement sparks new questions

By Kim Bo-gyung

Published : Aug 16, 2019 - 15:38

Updated : Aug 16, 2019 - 15:38 *

Justice Minister nominee Cho Kuk, ex-senior presidential secretary on civil affairs, faced new controversy on Friday over a 2017 investment agreement signed by his family that exceeds their total wealth.

Justice Minister nominee Cho Kuk (center), ex-senior presidential secretary on civil affairs, answers reporters' questions as he enters the parliamentary preparation team's office in Jongno, central Seoul, Friday morning. Yonhap

Cho's wife and his two children had agreed to invest a total of 7.4 billion won ($6.1 million) won in a private equity fund in 2017, two months after Cho was named presidential secretary on civil affairs.

The figure exceeds Cho's family wealth, reported to amount to 5.6 billion won, raising questions about how they had planned to obtain the additional 1.8 billion won and how his two children in their 20s were able to invest 355 million won each.

"The parliamentary hearing is coming up, so I will answer (questions) honestly in detail at the National Assembly," Cho said Friday at his office in Jongno, central Seoul.

"I am well aware of the various criticism and doubts the media has about me," Cho added.

Apart from his family's wealth, Cho's past ties to a left-leaning group in the 1990s have come under intense scrutiny.

President Moon Jae-in tapped him to lead the Justice Ministry earlier in the month, a decision vehemently contested by the main opposition Liberty Korea Party.

"The law regulates government officials and their families from (directly investing in) stocks, but there is no regulation on (indirect investment in) funds," the team preparing for Cho's parliamentary hearing said.

"His spouse invested in the legally permitted fund with the money gained from selling their stock, in line with the law on ethics for public officials, after the candidate became a government official," it added.

Cho also faces suspicions of having sold an apartment in Busan owned by his spouse in November 2017, when he served as the presidential secretary on civil affairs, to his then-sister-in-law to evade controversy over owning multiple homes.

Cho Kuk's parliamentary preparation team denied allegations that the deal was improper, saying, "There are detailed statements of the deal and the apartment was sold to an acquaintance."

By Kim Bo-gyung (

Related Stories *

Justice minister nominee's confirmation hearing to be next political battleground

Aug 11, 2019

[Newsmaker] Controversy brews over Cho Kuk's ties to socialist group

Aug 15, 2019

* More articles by this writer Back to List

The Korea Herald by Herald Corporation

Publisher. Editor : Kwon Chung Won

Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin

Date of registration : 2015.04.28

Online newspaper registration No : Seoul i 03711

Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea

T : +82-2-727-0114

analysis of article text

prohibitionist hits:0 government drug warrior (prohibition_agency) hits:0 propaganda (drugwar_propaganda) hits:4 legalization hits:0 drug_reformer hits:0 reform_referenda hits:0 cannabis hits:1 stimulant hits:0 narcotic hits:0 hallucinogen hits:0
    prohibitionist     prohibition_agency     drugwar_propaganda     legalization     drug_reformer
    reform_referenda     cannabis     stimulant     narcotic     hallucinogen

incarceration/prison mentioned? NO - the issue of prison or incarceration was NOT mentioned in this article .

propaganda analysis

explicit prohibition propaganda (explicit_propaganda) hits:0 hated group (propaganda_theme1) hits:0 madness, violence, illness (propaganda_theme2) hits:0 survival of society (propaganda_theme3) hits:0 gateway, use is abuse (propaganda_theme4) hits:0 children (propaganda_theme5) hits:3 demonize, war, epidemic (propaganda_theme6) hits:1 total prohibition (propaganda_theme7) hits:0 dissent opposed (propaganda_theme8) hits:0
EXP - explicit prohibition propaganda (explicit_propaganda) GRP - hated group (propaganda_theme1) MAD - madness, violence, illness (propaganda_theme2)
SOC - survival of society (propaganda_theme3) USE - gateway, use is abuse (propaganda_theme4) KID - children (propaganda_theme5)
WAR - demonize, war, epidemic (propaganda_theme6) TOT - total prohibition (propaganda_theme7) DIS - dissent opposed (propaganda_theme8)

 drug of abuse implied / mentioned

drug related 55%
[news] [concept]

illegal drugs  
drugwar_propaganda : a drug war propaganda event, campaign release, slogan, or themepropaganda

drugwar propaganda 70%
[news] [concept]

propaganda theme5 propaganda theme6 Why Are Americans So Easy to Manipulate? (Bruce E Levine, 2012)
Classic Modern Drug Propaganda
Themes in Chemical Prohibition
Drug War Propaganda (kindle edition)
propaganda_theme5 : drug war propaganda theme: children corrupted by drugschildren

propaganda theme5 70%
[news] [concept]

"children" "Juvenile"3Children Corrupted (propaganda theme 5)
Think of the children
propaganda_theme6 : drug war propaganda theme: demonize; use of drugs is epidemic; wardemonize, war, epidemic

propaganda theme6 60%
[news] [concept]

"battleground"1Demonize, War (propaganda theme 6)
List of Wars on Concepts
Perpetual war
The Failed War on Drugs (2012)
 drug of abuse

illegal drugs 55%
[news] [concept]

 psychoactive plant

plants 55%
[news] [concept]

 intoxicant 55%
[news] [concept]
cannabis : cannabis (marijuana) product or usecannabis 55%
[news] [concept]
cannabis industry Cannabis: Religious and Spiritual Uses
Cannabis-Driving Studies Cannabis Link DB
Schaffer Library: Marijuana
U.S. Prisons Thriving on Jim Crow Marijuana Arrests (2013)
 cannabis industry 55%
[news] [concept]
"equity fund"1https://www.newcannabisventures....
 youth 70%
[news] [concept]
propaganda theme5
 aggrandizing government

[news] [concept]

"officials" "official"3Statism: the Most Dangerous Religion (2014 video)
What is Statism?
Conservapedia: Statism
Wikipedia: Statolatry
Bought Priesthood
Worship of the U. S. Government (2011)
Bureaucratic Thrust
Tyranny of Experts
The Threat of Authority (2012)
The Media As Enablers of Government Lies
The Statist Mindset (Jacob Hornberger, 2011)
Thinking Critically about Experts and Authority
'Scientific' evidence for FDA-approved drugs isn't so scientific, it turns out (2014)
The Intellectual Gravy Train (2015)

st:0 fo:0 s:0 d:0 c:0 db:0.106 a:0.22 m:0.03 t:0.55 (f)

text of article used for CRITICAL ANALYSIS, under FAIR USE provisions of the Copyright Act of 1976, 17 U.S.C. § 107, et al.

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    article tags


    aggrandizement concept - terms of aggrandizement (of government)
    youth concept
    cannabis_industry concept - cannabis industry - (emerging) marijuana, cannabis industries; marijuana businesses; stock market marijuana plays; pot venture capital
    cannabis concept - cannabis (marijuana) product or use
    intoxicant concept
    plants concept - Plants listed in this section are those which have been used by humans for their mind- or emotion-altering properties.
    illegal_drugs concept - drugs of abuse, so-called
    propaganda_theme6 concept - drug war propaganda theme: demonize; use of drugs is epidemic; war
    propaganda_theme5 concept - drug war propaganda theme: children corrupted by drugs
    drugwar_propaganda concept - a drug war propaganda event, campaign release, slogan, or theme
    drug_related concept - related to illegal drugs and prohibition