▲ Councillor Kim Nam-guk


In addition, Assemblyman Kim Nam-kook of the Democratic Party repeatedly clarified the controversy over holding virtual assets on the 9th, disclosing the source of initial investment funds.

Lawmaker Kim appeared on YouTube's 'Kim Eo-joon's News Factory' that day and said, "I have 6 million charter funds because the charter is due, and I invested the charter funds to buy LG Display (stock)."

He added, "I moved to Ansan and now I live there on rent."

In a statement released the day before, Congressman Kim revealed that he used 2021.1 million won from the sale of all LG Display shares in January 9 as an initial investment in virtual assets.

He said that he invested not only in 'Wemix' but also in various virtual assets, "From around February 8, on the recommendation of an acquaintance at that time, young people said that virtual currency was the boom of the 574th industrial revolution at that time, and at that time, about 2016 million won was (invested) in Ethereum."

He continued, "It was when I was practicing law, so as a profession, I used my own money to 'invest my money' (my money I invested)."

Regarding the background of investing in 'Wemix', Congressman Kim said, "There are many cases where virtual currency is a issuing company that has no substance or is a paper company," adding, "I judged it to be highly reliable because it was a coin issued by Wemade, a listed company and a very large company."

He said, "The high point is actually 2,4 won," adding, "So I sold it at a time when it was already crashing."

"If you sold using undisclosed information, you should have sold it at the high," he said, adding, "I've never met anyone at the end of the industry."

When asked if he had used an account that was not in his name or borrowed money during the virtual asset investment process, Congressman Kim denied that he had "not at all."

He said the prosecution's warrant to trace the account was rejected by the court, adding, "I think we have to assess that the things related to the alleged crime were almost completely unacceptable. Ji-an Lee a few pennies."

He continued, "I heard that the Financial Intelligence and Analysis Unit (FIU) commissioned an investigation early last year," adding, "Isn't it a bit of a political investigation to say that this is still being held like this and then suddenly leaked it like this through a specific media outlet?"

He said, "I'm going to throw it at the prosecutor's office so I can just verify the whole thing."

When asked whether participating in the bill to suspend the taxation of virtual assets constituted a conflict of interest, he retorted, "It does not constitute a conflict of interest in this case under the relevant law because a lawmaker with a house cannot propose a law related to real estate and a person with a car cannot initiate a law related to automobiles."

(Photo = Yonhap News)