South Korean Lawmaker Cleared of Virtual Asset Trading Allegations!

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The South Korean National Assembly’s Ethics Special Committee has rejected a disciplinary case to expel lawmaker Kim Nam-guk over allegations of virtual asset trading. The Moral Review Advisory Committee had recommended Kim’s expulsion, but the committee chose to reject it. The Seoul Southern District Prosecutor’s Office had been investigating Kim for alleged abnormal trading of 8 billion WEMIX tokens, worth approximately $4.55 million. A member of the Seoul People’s Regime Committee had also accused Kim of violating the Political Funds Act, the Capital Market Act, and accepting bribes.