Lee Yong-woo: "No Legal Issues with Coins? Not the Attitude of a Politician"

"Many Young People Suffer Losses Due to Volatility"
"Possibility of Kim Nam-guk Withdrawing Over 10 Million Won from Account"

Democratic Party lawmaker Kim Nam-guk clarified the day before that there were "no legal issues" regarding suspicions surrounding the "6 billion won coin," but Democratic Party lawmaker Lee Yong-woo, a former CEO of Kakao Bank, criticized him, saying, "This is not the attitude of a politician."

[Image source=Yonhap News]

On the 9th, Lee said on CBS's "Kim Hyun-jung's News Show," "I believe that as a politician, one should not act like that. Because there is not only legal responsibility but also political responsibility."

Kim stated on social media (SNS) the day before, "I placed a sell order for all LG Display shares, generating a deposit of 985.74 million won, and used that amount as the initial investment for the coin," clarifying the source and emphasizing that there was no conflict of interest.

However, considering that the coin Kim invested in, called "Wemix," has high volatility that has caused many investors to fall into losses, Lee pointed out that this attitude is not good. He said, "In this case, due to the high volatility of coin investments, many young people have suffered losses. How much frustration must they have experienced?" and added, "Not empathizing with the pain of those people and saying there is no legal problem, so what's the issue? I think that is not the attitude of a politician."

He continued, "Politicians are the ones who should look at how to protect these investors and users, how to organize the system, and normalize it," adding, "But saying, 'This is how the system is, so I did it this way. What's the problem with that?' is not the attitude of a politician."

He also pointed out that the Financial Intelligence Unit detected Kim's transactions as suspicious. Lee said, "The Financial Intelligence Unit usually reviews transaction details when there are many cash transactions and notifies if it suspects money laundering," adding, "From what I checked, usually if you withdraw 10 million won several times from a bank, it gets reported."

He said, "Why did the exchange detect Kim Nam-guk lawmaker's account as suspicious? There is a possibility that cash exceeding 10 million won was continuously withdrawn," and added, "Kim's explanation that he only withdrew 4.4 million won in cash does not make sense at all."

This content was produced with the assistance of AI translation services.