Kim Nam-guk accused of violating election law over alleged false crypto declaration

Kim Nam-guk, a Democratic Party candidate for the June 3 parliamentary by-election in the Ansan Gap district of Gyeonggi Province, has been accused of violating the Public Official Election Act over an allegedly false declaration of his cryptocurrency holdings. According to The Fact, Kim's asset declaration submitted to the National Election Commission on May 14 for the by-election reported total assets of approximately 357.44 million won (about $263,000), which included 350 million won ($257,000) in debt, and virtual asset holdings of about 623.55 million won ($458,000). However, a previous disclosure made public in January by the Public Service Ethics Committee—required due to his former position as Secretary for Digital Communication in the Presidential Office—listed total assets of around 968.89 million won ($712,000), including 349.30 million won ($257,000) in debt, and virtual assets valued at approximately 1.21756 billion won ($895,000).