1 in 4 senior South Korean officials invested in crypto, report finds

One in four senior public officials in the Lee Jae-myung administration has invested in or holds virtual assets, according to the first property disclosure under the new government, Money Today reported. Choi Dong-seok, head of South Korea's Ministry of Personnel Management, declared the largest amount at 2.6 billion won (approximately $1.9 million). His holdings included more than 11 BTC, 5,000 XRP, and nine other cryptocurrencies such as Solana and Ethereum. Choi stated that he sold his tradable assets after taking office, retaining only some non-tradable assets. Kim Nam-kuk, the former presidential secretary for digital communication, reported the second-largest holdings, with dozens of altcoins valued at 1.217 billion won (around $882,000).