According to a report by South Korean media outlet “Cultural Daily,”
based on the property declaration data for public officials released by the South Korean government’s Ethics Committee for Public Officials on Thursday, among the 2,047 senior public officials required to disclose their assets, 411 individuals (approximately 20.1%) reported holding cryptocurrency, with a total value of 14.41228 trillion won (approximately 326 million New Taiwan dollars). The average amount held per person is about 35.07 million won (approximately 793,000 New Taiwan dollars).
The senior public official with the largest cryptocurrency holdings in South Korea is Seoul City Council member Kim Hye-young,
whose total cryptocurrency holdings are valued at approximately 1.7656 billion won (about 39.91 million New Taiwan dollars). She personally holds 16 different cryptocurrencies, including 0.00144591 Bitcoin (BTC). Additionally, her spouse owns 0.01226935 Ethereum (ETH), 472 Dogecoins (DOGE), and 519,004 Ripple coins (XRP), while her eldest son holds 3,336 Ripple coins.
Since last year, cryptocurrency has been included in the list of assets that South Korean public officials must declare.
Public officials ranked at level four and above are required to disclose the types and quantities of cryptocurrencies they hold, while those ranked at level one and above must further provide information on how the assets were acquired and their transaction records for the past year.
Related Reports:
“South Korea Prepares to Lift Ban on Institutional Investment in Cryptocurrency, New Guidelines to be Released in the Third Quarter”
“Hashed Survey: One in Four Adults in South Korea Own Cryptocurrency, More People Hold Positive Views”
“Middle-aged and Older South Koreans Begin Using Retirement Funds to Buy Cryptocurrency, Bank Deposits Experience Significant Reduction or Flow into Cryptocurrency Markets and U.S. Stocks”
