Several hundred South Korean officials hold crypto assets worth a total of 14.4b Korean won

Of the 2,047 South Korean civil servants who submitted a declaration of assets, 20% said they had cryptographic assets. Seoul city councilor Kim Hye-Young has held the largest amount with 1.7 billion KRW.

According to a recent report By the local Munhwa media, on March 27, the government’s public ethics committee publicly revealed the detailed report of personal assets held by civil servants in the country in 2025. Based on the information from the Watchdog of Ethics, 411 out of 2,047 civil servants hold directly or invested in cryptocurrency.

This means that 20% of South Korean Managers have cryptocurrencies, notably the secretary general of Labor-Management Development Foundation, the president of Korea of ​​the National Police of the University of the National Police and vice-president of the Korea Water Resources Corporation.

The total value of cryptographic assets held by the 411 civil servants amounted to 14.41 billion Koreans gained or equal to $ 9.8 million. The report concluded that each South Korean official who had Crypto held an average of 35.07 million Korean won ($ 23,927).

The official who holds the most cryptocurrency funds is Seoul’s city councilor Kim Hye-Young. According to his disclosure of assets, Kim said he had $ 1.76 billion in Korean won (1.2 million dollars) distributed in 16 different types of cryptographic assets, including bitcoin (BTC), Ethereum (Ethn), Dogecoin (DOGE), Ripple (Xrp) and many others.

Advisor Kim herself held 0.0014 BTC, while her husband invested in 0.01 ETH, 472 DOGE and 519 004 XRP. Meanwhile, his eldest son holds 3,336 XRP.

The civil servant with the second largest crypto holdings turned out to be another Seoul city councilor named Choi Min-Gyu. It holds a total of 1.6 billion Korean won ($ 1,09 million) in crypto. In third place is the CEO of Busan-USAN Expressway Co., Kim Ki-Hwan with Crypto Holdings with a total value of 1.4 billion Korean won ($ 955,031).

This is the second year that the South Korean civil servants were forced to include virtual assets in the context of their financial disclosure to the government’s public ethics committee. In May 2023, South Korean regulators pass A bill that forced civil servants and political candidates to disclose their assets in cryptocurrency.

Since its entry into force on January 1, 2024, high -ranking officials in South Korea, including members of the National Assembly, must respect the bill and report their assets in cryptography to the Ethics Committee.

Officials classified under 4th year must disclose the quantity and type of cryptocurrency they hold. While high -ranking officials classified under the first year must not only disclose their cryptographic participation, but also explain in detail how they acquired cryptographic assets as well as their transaction history in the past year.