Shocking Crypto Secrets of South Korean Officials Revealed! 💰😲

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In a rather amusing twist of fate, the latest asset disclosure from South Korea’s Public Officials Virtual Assets Rank List has unveiled that a staggering 20.1% of our esteemed public officials are dabbling in the world of cryptocurrency. Their collective holdings? A modest $9.83 million—pocket change for those in power, I suppose.

Leading this merry band of digital asset enthusiasts is none other than Seoul City Council Member Kim Hye-young, who has declared a jaw-dropping $1.16 million in virtual treasures. One can only wonder if she’s planning to buy a small island or just a really nice yacht.

The Rankings

The report, dated March 27, revealed that out of 2,047 state officers required to disclose their holdings, 411 have taken the plunge into the crypto abyss, boasting an average holding of $23,000 each. Kim Hye-young, bless her heart, tops the list with a portfolio that includes 16 different cryptocurrencies—because why settle for one when you can have a whole collection? Among her treasures is a minuscule 0.00144591 BTC, which is probably just enough to buy a cup of coffee in the metaverse.

But wait, there’s more! Our illustrious councilor also reported the crypto assets of her family members. Her spouse, for instance, holds a whopping 0.01226935 ETH, 472 DOGE, and 519,004 XRP. One can only imagine the family dinners filled with lively discussions about the merits of digital dogs and the latest market trends.

In a close second, we have Seoul City Councilor Choi Min-gyu, who reported $1.06 million in digital assets, including a staggering 409,551 XRP. It seems like the competition is fierce, and the stakes are high! Meanwhile, Kim Ki-hwan, the CEO of Busan-Ulsan Expressway Co., Ltd., is not far behind with $940,000 in crypto, featuring a delightful mix of 152,251 LUNC and 5,979 HORUS. Sounds like a party, doesn’t it?

Other notable civil servants in the top ten include Kim Dae-hwan, Secretary General of the Labor-Management Development Foundation, with $1.369 million, and Oh Moon-kyo, President of the Korean National Police University, who has a respectable $656,680. It’s almost as if they’re competing for the title of “Most Likely to Retire on a Private Island.”

As for the crypto disclosure policy, it seems that virtual assets became a mandatory item in public servants’ asset disclosures just last year. This is the second year of such delightful revelations, and one can only hope that next year brings even more juicy details. Under this policy, officials of Grade 4 or higher must declare the type and quantity of virtual assets they own. Those of Grade 1 or higher must also submit their transaction history, because who doesn’t love a good audit?

These measures, spearheaded by the Government Public Ethics Committee, were introduced as South Korea witnessed a surge in crypto ownership. A report from November 2024 indicated that over 15.5 million citizens—approximately 30% of the population—are now crypto holders. It seems that everyone is getting in on the action, with an additional 610,000 investors joining the fray between October and November 2024. Who knew that digital coins could bring so many people together?

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2025-03-28 01:02