In a rather astonishing revelation, it appears that the well-heeled corridors of Korean bureaucracy are teeming with crypto enthusiasts. The Public Officials Ethics Committee, it seems, has been busy counting the digital gold stashed away by our esteemed public servants.
On the 27th of March, the Ethics Committee outdid itself by revealing the juicy details of the public officials’ crypto hoard for the year 2025. According to the Korean Cultural Daily, a tidy sum of 411 officials (a neat 20.1%) are now part of the crypto club, with a combined stash worth a cool 14.4 billion won (nearly $9.8 million). One can only imagine the heated debates at the dinner table over the merits of Bitcoin versus Dogecoin.
Kim Hye-young: The Crypto Queen of Seoul
Leading the charge is the indomitable Seoul City Councilor Kim Hye-young, whose digital assets are worth a staggering 1.7 billion won (about $1.27 million). Councilor Kim, it seems, has a penchant for variety, with 16 types of cryptocurrencies in her digital wallet, including a modest 0.00144591 Bitcoin. Her family is also in on the act, with her spouse and eldest son holding ETH, DOGE, and XRP. One wonders if they trade tips over breakfast.
It’s worth noting that two out of every ten high-flyers in the public sector are now crypto magnates, with an average holding that would make a pirate blush—35.07 million won.
Hot on Councilor Kim’s heels is Choi Min-gyu, who boasts a collection of Ripples and Artidiums that would make a collector swoon. And let’s not forget Kim Ki-hwan, the CEO of Busan-Ulsan Expressway, whose crypto stash is nothing to sneeze at.
Crypto Fever Grips Korea’s corridors of Power
Joining the ranks of the crypto elite are Kim Dae-hwan, Oh Moon-kyo, and Park Byeong-chun, whose virtual piggy banks are bulging with digital treasures. These top 10 officials are leading the charge in a new financial frontier, thanks to new regulations that require them to spill the beans on their crypto holdings.
This little expose highlights a fascinating trend—government bigwigs are diving headfirst into the crypto pool, proving that even the most traditional of officials can’t resist the allure of the digital gold rush.
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2025-03-27 08:07