May 14 news, South Korea’s main opposition Democratic Party lawmaker Kim Nam-kuk said on Sunday that he will quit the party due to mounting allegations of involvement in large-scale cryptocurrency transactions.
There are allegations that the first-term MP traded cryptocurrencies while attending at least two meetings of the National Assembly’s Judiciary Committee in May and November last year.
According to previous news, South Korean congressman Kim Nam-guk held 800,000 WEMIX when he proposed to delay the taxation of virtual assets such as cryptocurrencies in 2021, and the highest price exceeded 6 billion won (about 4.55 million U.S. dollars). Very different. Prosecutors have launched an investigation into the matter to determine whether there was any wrongdoing.