"Free Coin Distribution Is a Sophisticated 21st Century Bribery Method... Spreading Through Game Company Lobbying"

"A Sophisticated Bribe Filling Coins into Cryptocurrency Wallets"

Former People Power Party Vision Strategy Office Chief Kim Geun-sik evaluated the allegations of tens of billions in cryptocurrency involving Democratic Party lawmaker Kim Nam-guk as "making it difficult to deny the possibility that game company coins were provided free of charge," calling it a '21st-century sophisticated bribery method.'

On the 12th, former People Power Party Vision Strategy Office Chief Kim Geun-sik stated on his social media (SNS), "The allegations against lawmaker Kim are ultimately spreading to bribery for legislative lobbying by game companies," expressing this view.

[Image source=Yonhap News]

He said, "Although I am not very familiar with virtual currency, the fact that WEMIX was delisted for exceeding its issued volume, the unclear source of lawmaker Kim's initial coin investment funds, and the participation of the game company Wemade in proposing legislation for the use of virtual currency as in-game money that generates huge profits for the company all make it difficult to deny the possibility that lawmaker Kim received game company coins free of charge," adding, "If true, this would not only be a matter of moral and hypocritical criticism but would constitute a crime involving the acceptance of illegal bribes."

He also raised the need for a full investigation of lawmakers. He said, "If true, it may not be just one lawmaker Kim, but there could be more targets of legislative lobbying. This is why a full investigation by both ruling and opposition parties is necessary," adding, "If WEMIX was received as a bribe for legislative lobbying benefiting game companies, it would represent a new 21st-century method of bribery, moving away from the old-fashioned practice of slipping money envelopes into the pockets of powerful figures during the era of outdated politics to sending virtual currency to the online wallets of those in power."

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