Kang Hoon-sik: "It Shouldn't End with Just Attacks on Kim Nam-guk... Lawmakers Must Conduct a Full Investigation of Coins"

Democratic Party lawmaker Kang Hoon-sik stated that regarding the issue of fellow party member Kim Nam-guk, who is at the center of the '6 billion won coin' controversy, "We need to be cautious that this does not end with just an attack on one lawmaker," and called for a full investigation of cryptocurrency holdings by members of the National Assembly.

On the 10th, Kang said on CBS's 'Kim Hyun-jung's News Show,' "Whether it is our party or the People Power Party, shouldn't there be a full investigation of all lawmakers?"

[Image source=Yonhap News]

He said, "Whether through a full investigation or voluntary reporting, investigations into conflicts of interest or inappropriate investments must be conducted, and this is not an issue concerning any one individual," adding, "More importantly, the key is how to institutionalize and stabilize the system in response to this recent incident."

Kang said, "From what I see, if an investigation is actually conducted, there may be quite a few lawmakers or their children who have invested in cryptocurrencies," and added, "focusing solely on attacking one person repeatedly is not appropriate, although investigations should be conducted and the facts revealed."

However, since virtual assets are not yet a mandatory item for asset declaration, it is uncertain whether lawmakers will cooperate with a full investigation. Kang said, "But only by conducting a full investigation or voluntary reporting and legitimizing this can we understand how (assets) increase. Then, explanations about that process will be necessary, so it is the right thing to do."

Ultimately, he pointed out that cryptocurrencies should be included in public officials' asset disclosure by law. Kang said, "Ultimately, there are already bills to amend the Public Officials Ethics Act to include virtual assets in the system," adding, "Shouldn't we make a quick decision to make this public?"

Regarding whether there is controversy over Kim's position, he said, "There is no discussion about his position yet," but added, "However, Kim Nam-guk is likely well aware that the volatility of coin investments has caused many losses and frustrations among the younger generation in their 20s and 30s, and given the critical public opinion within the party, he should exercise caution and observe the situation."

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