Operation of 'Coingate' Truth Investigation Team... Including 9 Experts

Investigation into Kim Nam-guk's 6 Billion Won Coin Investment Allegations
First Meeting on the Morning of the 16th, Twice Weekly
CoinGate Reporting Center Also in Operation

The People Power Party is launching the 'Coin Gate Fact-Finding Investigation Team' to investigate the coin speculation allegations against Representative Kim Nam-guk, who left the Democratic Party of Korea.

Kim Seong-won, who is in charge of the investigation team, held a press conference at the National Assembly Communication Office on the 15th and stated, "Representative Kim, who urged a thorough internal investigation including external experts, ultimately left the Democratic Party yesterday. The Democratic Party has also started ruthless scapegoating," adding, "Therefore, the People Power Party is launching the Coin Gate Fact-Finding Investigation Team."

The secretary of the investigation team will be Representative Yoon Chang-hyun, chairman of the party's Digital Assets Committee. Additionally, Representatives Park Hyung-soo, Kim Hee-gon, Bae Hyun-jin, and Choi Hyung-doo will participate as investigation committee members.

[Image source=Yonhap News]

Nine external experts have also been included as investigation committee members. Representative Kim explained, "To cover virtual asset systems, transaction analysis, abnormal transaction detection, and investigation support, external virtual asset and blockchain experts have also been appointed as investigation committee members."

The experts appointed include Lawyer Jung Jae-wook of the Juwon Law Firm for overall external investigation and analysis; Professor Nam Wan-woo of Jeonju University’s Department of Law for virtual asset transaction analysis; Professor Hwang Seok-jin of Dongguk University Graduate School of International Information Security for abnormal transaction detection and investigation support; Accountant Kim Kyung-yul, author of 'The Black Book of Cho Kuk'; and Lawyer Kim Jung-chul, involved in the Lime lawsuit. As youth investigation members, Director Lee Cho-rong from a global IT company and Representative Ok Ji-won of the Future Women Strategy Forum are participating. Full-time deputy spokespersons Lee Min-chan and Moon Jong-hyung are also included as investigation members.

The investigation team will hold its first meeting on the morning of the 16th and begin full-scale activities. Representative Yoon explained, "The appointment of the investigation team, reporting to related agencies including the Financial Intelligence Unit, and meetings regarding specific activity directions and schedules are planned," adding, "The full investigation team meetings will be held once or twice a week."

Going forward, the investigation team plans to ▲ conduct expert analysis of Representative Kim Nam-guk’s coin transaction history and review legal actions ▲ operate a Coin Gate reporting center for violations of public office ethics, illegal election funds, political lobbying, etc. ▲ and promote site visits with the team leader, experts, and companies such as Wemade, Netmarble, and Korean Won exchanges.

After the press conference, Representative Kim Seong-won was asked whether retroactive application is necessary to include virtual assets in the property subject to public officials’ registration. He replied, "Given the nature of Coin Gate, I think retroactive application is necessary," adding, "There will be many discussions during the bill drafting process, but if the assets are sold off first and then reported, there will be nothing left, so personally, I believe retroactive application is appropriate. It should be applied retroactively from the early days of the 21st National Assembly."

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