[Breaking] Former Democratic Party Lawmaker Kim Nam-guk Acquitted in First Trial Over Alleged Concealment of Virtual Assets
Uk Jin
- It was reported that former lawmaker Kim Nam-guk was acquitted in the first trial on charges of concealing virtual assets.
- The prosecution alleged that former lawmaker Kim concealed profits from cryptocurrency investments through false asset declarations.
- The case is said to potentially set an important precedent in legal judgments related to virtual assets.
STAT AI Notice
- 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.
Former Democratic Party lawmaker Kim Nam-guk, who was accused of concealing virtual assets (cryptocurrency) worth 9.9 billion KRW during his time as a member of the National Assembly, has been acquitted in the first trial.
According to industry sources on the 10th, Judge Jeong Woo-yong of the Seoul Southern District Court acquitted former lawmaker Kim of charges of obstruction of official duties by deceit.
Previously, the prosecution had charged former lawmaker Kim with making false asset declarations to hide his cryptocurrency investment profits, which amounted to 9.9 billion KRW, during the National Assembly's asset declarations in 2021 and 2022.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
Goldman Sachs Increases Ethereum ETF Holdings by 2000%; Holds Over $1.5 Billion in Bitcoin ETFs
1 hours ago
[Today's Global Trending Coins] Soleil Solana, Anime Coin, Soleil, Binance Coin, Solana, and More
1 hours ago![[Today's Global Trending Coins] Soleil Solana, Anime Coin, Soleil, Binance Coin, Solana, and More](https://media.bloomingbit.io/prod/news/6e081639-871e-4276-8972-1fca44cac09f.webp)
"SEC to Respond to Coinbase's Intermediate Appeal on the 14th... Opportunity to Confirm SEC's Stance"
1 hours ago
Policies That Inflate 'Foreign Coins' with Retail Investors' Money [Issue+]
3 hours ago![Policies That Inflate 'Foreign Coins' with Retail Investors' Money [Issue+]](https://media.bloomingbit.io/prod/news/c7e93e85-bcb3-4f64-8da4-b0c35a9cb3c8.webp)
Trump Supports Musk: "Cooperate with DOGE Cost Reduction Plan"
4 hours ago
Ranking News