The politician had recently quit the party over the crypto scandal.
South Korea’s ruling party has called for early enforcement of the law that seeks the country’s lawmakers and high-level government officials to declare their cryptocurrency-related assets.
The original bill was previously scheduled for implementation in December this year. However, Rep. Yun Jae-ok, a third-term lawmaker, who was elected as the new floor leader of the conservative PPP last month, deemed the set date to be “too late” and added that the bill needs to be amended to add a clause moving up the enforcement.“Given the current high level of public interest, especially regarding lawmakers, it’s not appropriate to enforce the law six months later after the promulgation.
The latest development emerges on the heels of the ongoing scandal surrounding former Democratic Party lawmaker Kim Nam-kuk who has been at the center of controversy over his cryptocurrency investments. He is currently under investigation by local prosecutors for alleged campaign finance violations and tax portals, as well as for hiding criminal proceeds of his crypto possessions and transactions.
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