PiCK
Public Officials' Virtual Asset Transactions to be Restricted... Government "Pursuing Amendment to Code of Conduct"
- The government announced that it is pursuing an amendment to the code of conduct to restrict virtual asset transactions by public officials.
- The National Rights Commission stated that it plans to prohibit public officials from investing in virtual assets using information acquired through their duties.
- It aims to enhance the effectiveness of the anti-corruption system by revising the Conflict of Interest Prevention Act and other regulations.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The trading of virtual assets by public officials will be restricted. This is a measure to enhance the anti-corruption system within the public sector.
The National Rights Commission announced on the 14th its '2025 Major Business Promotion Plan' which includes this content.
Specifically, the commission plans to add virtual assets to the list of restricted items in the code of conduct for public officials, which prohibits transactions using job-related information. This means public officials will not be able to invest in virtual assets using information acquired through their duties.
The commission also plans to revise the Conflict of Interest Prevention Act on its third anniversary this year. A representative from the commission stated, "We will enhance the effectiveness of anti-corruption laws by raising awareness within the public sector."
Yoo Cheol-hwan, the chairman of the commission, said, "We will fundamentally resolve structural factors causing public difficulties through institutional improvements and respond strictly to corruption and unfairness."