A new report issued by the Government Public Ethics Committee in South Korea revealed that one out of every five government employees carrying an encrypted currency, reflecting the penetration of the increasing digital assets in state institutions.
As of 2025, 411 out of 2047 officials declared officials for encryption possessions, with a joint value of 14.41 billion WNA (9.8 million dollars).
The Ethics Committee report was on March 27 It was published by the local media outlet munhwa The most detailed collapse is the ownership of encryption assets in public offices in South Korea.
This is the second in a row, and officials were legally asked to report the ownership of the apparent assets, after the Transparency Law submitted in 2023.
This step is a major transformation in accountability in the public sector and shed light on how Crypto is not limited to retail investors or institutions.
The Supreme Seoul Consultants List
Among those who reveal the cryptocurrency, the official who holds the highest amount announced is the City of Seoul Kim Hai Young.
The value of its encryption portfolio is 1.7 billion WNA ($ 1.2 million), distributed over 16 types of cryptocurrencies, including bitcoin, Ethereum, Dogecoin, and XRP.
She has 0.0014 BTC personally, while her husband has 0.01 ETH, 472 DOGE and 519,004 XRP.
Their older son also has 3336 xrp. These numbers make her family one of the most digital investment in the South Korean public sector.
The second highest reservation is another member of the city of Seoul, Choi Min Geo, who has a total of 1.6 billion WNA ($ 1.09 million).
Next, Kim Ki Huan, CEO of Busan-Ulsan Expressway, is with a value of 1.4 billion WNDs (955,031 dollars).
These disclosure highlights an increasing interest in digital assets within both the government and affiliate agencies.
The new law imposes reports
The condition of the condition of the declaration of virtual assets began on January 1, 2024, after the South Korean National Assembly passed a bill in May 2023.
This legislation was presented to ensure financial transparency between public employees and political candidates, especially amid increasing concerns about the inconsistency of unannounced interests and wealth.
Under the rules, high -ranking officials classified under row 1 must detect the type and amount of encryption assets they keep, as well as providing transactions and interpretations for how to obtain assets.
Fourth -grade officials, a category that covers medium -level government employees, must detect the quantity and types of cryptocurrencies only.
It is supervised by this policy by the government’s general ethics committee and applies to all high -ranking government employees, including members of the National Assembly, the police leadership, and executives of the state -run companies.
Curding the use of labor differences in the government
The results indicate a wider direction for the adoption of encryption between the stakeholders in South Korea.
Among the public employees who reported his ownership of the Secretary -General of the Employment Administration Development Corporation, President of the Korean National Police University, and Vice President of the Water Resources Corporation in Korea.
The average holding of each official is 35.07 million WNDs (23,927 dollars), which confirms that the interest in encryption extends beyond speculation trading.
It also raises questions about the future organization and whether it is possible to provide similar rules for sectors or other countries.
The last 20 % of South Korean officials keep the encryption of $ 9.8 million first appeared on Invezz
