{"id":19465,"date":"2025-03-28T01:02:14","date_gmt":"2025-03-28T01:02:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19465"},"modified":"2025-03-28T01:02:14","modified_gmt":"2025-03-28T01:02:14","slug":"report-20-of-south-korean-officials-hold-crypto-seoul-councilor-leads-with-1-16m","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19465","title":{"rendered":"Report: 20% of South Korean Officials Hold Crypto, Seoul Councilor Leads with $1.16M"},"content":{"rendered":"
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A recent asset disclosure by South Korea\u2019s Public Officials Virtual Assets Rank List revealed that 20.1% of high-ranking public officials hold crypto, with their total reported holdings amounting to $9.83 million.<\/p>\n

The official with the largest virtual asset portfolio was Seoul City Council Member Kim Hye-young, who declared $1.16 million in digital assets.<\/p>\n

The Rankings<\/h2>\n

The March 27 report<\/a> revealed that of the 2,047 state officers required to disclose their holdings, 411 reported owning virtual assets, with an average holding of $23,000 per person. Kim Hye-young topped the list, declaring ownership of 16 different cryptocurrencies, including 0.00144591 BTC.<\/p>\n

The government official also reported assets held by her family members, including her spouse\u2019s 0.01226935 ETH, 472 DOGE, 519,004 XRP, and her eldest son\u2019s 3,336 XRP.<\/p>\n

Seoul City Councilor Choi Min-gyu came in second, reporting $1.06 million in digital assets, consisting of approximately 409,551 XRP, 9,402 ART, and 4,701 ADS. The third-largest holding was declared by Kim Ki-hwan, CEO of Busan-Ulsan Expressway Co., Ltd., who has $940,000 in crypto, including 152,251 LUNC, 5,979 HORUS, 1,989 HORUS, and 2,989 BLACK.<\/p>\n

Other civil servants among the top ten crypto holders included Kim Dae-hwan, Secretary General of the Labor-Management Development Foundation, with $1.369 million, Oh Moon-kyo, President of the Korean National Police University, with $656,680, and Park Chun, President of Jeonju National University of Education, with $461,250.<\/p>\n

Also listed were Gyeonggi Provincial Assembly Members Choi Yong, holding $431,110, and Lee Oh-soo, with $288,150, along with Ryu Hyeong-ju, Vice President of the Korea Water Resources Corporation ($324,530), and Park Yong-seon, Gyeongsangbuk-do Assemblyman, who owns $270,350 in crypto.<\/p>\n

Crypto Disclosure Policy and Market Growth<\/h2>\n

Virtual assets became a mandatory item in public servants\u2019 asset disclosures last year, with this being the second year such data has been released.<\/p>\n

Under the policy<\/a>, officials of Grade 4 or higher must declare the type and quantity of virtual assets they own. Grade 1 workers or higher must also submit details on how they acquired their holdings and their transaction history for the past year.<\/p>\n

These measures, led by the Government Public Ethics Committee, were implemented as South Korea experienced an increase in crypto ownership. A report from November 2024 indicated<\/a> that more than 15.5 million of its citizens, approximately 30% of the population, held digital assets. The number of investors also rose by 610,000 between October and November 2024.<\/p>\n

The post Report: 20% of South Korean Officials Hold Crypto, Seoul Councilor Leads with $1.16M<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A recent asset disclosure by South Korea\u2019s Public Officials Virtual Assets Rank List revealed that 20.1% of high-ranking public officials hold crypto, with their total reported holdings amounting to $9.83 million. The official with the largest virtual asset portfolio was Seoul City Council Member Kim Hye-young, who declared $1.16 million in digital assets. The Rankings […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19465","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19465"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19465\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}