Former Assemblyman Kim Nam-guk, '100 Billion Won Cryptocurrency Concealment Allegation' Sentenced to 6 Months

According to the industry on the 18th, prosecutors have sentenced former Democratic Party of Korea assemblyman Kim Nam-guk to six months in prison for allegedly concealing cryptocurrency worth 100 billion won.

Previously, former Assemblyman Kim was accused of transferring part of his deposit to a bank account to match the total amount of assets during the National Assembly property reports in 2021 and 2022, in order to hide cryptocurrency investment profits, and converting the remaining deposit into cryptocurrency to obstruct the review of property change details by the National Assembly Public Officials Ethics Committee.