Former South Korean Democratic Party lawmaker Kim Nam-guk sentenced to 6 months in prison for concealing cryptocurrency assets worth 10 billion won and manipulating income reports 💰

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Former South Korean Democratic Party lawmaker Kim Nam-guk has been sentenced to 6 months in prison for concealing cryptocurrency assets worth 10 billion won. The court found him guilty of transferring part of the cryptocurrency to bank accounts to hide the real assets, while converting the remaining funds back into cryptocurrency to hinder the investigation by the Ethics Committee of the National Assembly. These actions were related to his asset reports for 2021 and 2022. The hidden funds sparked public concern and raised questions about the transparency and accountability of public officials.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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