TechFlow News, June 3: According to Yonhap News Agency, on June 1, the Incheon Metropolitan City Election Commission formally filed a complaint with the Incheon Police Agency against Yoo Jeong-bok, the presidential candidate of the People Power Party for Incheon mayor, citing violations of the Public Official Election Act. Yoo is accused of submitting false information in his candidate asset disclosure: his spouse’s actual assets amount to approximately 518.57 million KRW—significantly higher than the declared amount of 439.88 million KRW—and the couple’s total household assets should be approximately 1.92297 billion KRW, not the declared 1.84472 billion KRW. Earlier media reports indicated that his spouse holds 21,000 units of virtual assets, which were transferred to overseas exchanges to evade local election asset disclosure obligations. The Incheon Police Agency’s Anti-Corruption Investigation Unit will consolidate this complaint with a related case previously filed by the Democratic Party of Korea for joint investigation.
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