Financial Supervisory Service Chairman Lee Bok-hyun responds to questions from lawmakers at the 4th plenary meeting of the National Assembly's Special Committee on the Investigation of the State of Emergency Declaration for the Yoon Seok-yeol government's allegations of treason held in Yeouido, Seoul, on Nov. 15. /Courtesy of News1

Lee Bok-hyun, head of the Financial Supervisory Service, said at a macroeconomic and financial issues meeting (F4 meeting) held immediately after the declaration of martial law on Dec. 3 that the allegations regarding discussions to prepare for martial law reserve funds were "not true."

On the 15th, Lee appeared as a witness at the National Assembly's "Special Committee for Investigating the Facts Regarding the Allegations of Insurrection through the Declaration of Martial Law by the Yoon Suk-yeol Government" and responded to related questions from Democratic Party lawmaker Min Byung-deok.

During the meeting, Min disclosed the contents of a note that President Yoon Suk-yeol had given to then Deputy Prime Minister Choi Sang-mok before the proclamation of martial law and raised suspicions about whether there had been discussions to implement President Yoon's instructions at the F4 meeting.

The note disclosed by Min included directives to quickly secure enough reserve funds and report back, to completely block all current funds, including various subsidies, support funds, and wages related to the National Assembly, and to allocate a budget related to the national emergency legislative body.

In this regard, Lee said, "At the time of the F4 meeting, we focused on delivering messages for market stability amid rapidly fluctuating exchange rates," and added, "I've never heard of notes like the one shown earlier, and it's the first time I've seen such content here." In response to the question of whether holding the F4 meeting to implement martial law-related instructions was a blatant lie, Lee stated, "That is not true."