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South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report

Local media reports Democratic Party lawmaker Kim Nam-kuk had previously co-sponsored a bill seeking to defer taxation on crypto profits.

Updated May 8, 2023, 9:32 a.m. Published May 8, 2023, 9:15 a.m.
Kim Nam-kuk's WEMIX holdings stood at 6 billion won ($4.5 million) between January and February 2022. (Jacek Malipan/EyeEm/Getty)
Kim Nam-kuk's WEMIX holdings stood at 6 billion won ($4.5 million) between January and February 2022. (Jacek Malipan/EyeEm/Getty)