TechFlow news — On March 27, according to the Korea Culture Daily, South Korea's Public Officials Ethics Committee released the 2025 regular public officials' asset changes report. The data shows that among 2,047 public officials required to declare assets, 411 (20.1%) reported holdings in virtual assets, with a total value of approximately 14.41228 billion KRW (about 9.828 million USD), averaging around 35.07 million KRW (approximately 23,914 USD) per person.
Seoul city council member Kim Hye-young ranked first with 1.70656 billion KRW in virtual assets, holding 16 cryptocurrencies including Bitcoin, while her spouse and eldest son also hold digital assets such as Ethereum, Dogecoin, and Ripple. Second on the list is Seoul city council member Choi Min-kyu, who declared virtual assets worth 1.62136 billion KRW. Third is Kim Ki-hwan, CEO of the Busan-Ulsan Expressway Corporation, holding virtual assets valued at 1.42618 billion KRW, including Luna Classic, ChallengeDAC, and other cryptocurrencies.
Since last year, South Korea has required public officials to disclose their virtual asset holdings, making this the second year such information has been made public. Public officials at Grade 4 and above must report the types and quantities of virtual assets held, while those at Grade 1 and above must additionally submit details on acquisition methods and transaction records within the past year. Declared virtual asset values are calculated based on the daily average price on the registration reference date.
