Gyeonggi-do to Implement Virtual Asset Reporting for Public Officials in August... Governor Kim Dong-yeon Orders

by Lee YeongKyu

Published 31 May.2023 14:03(KST)

Gyeonggi Provincial Government

Gyeonggi Province is proactively promoting the reporting of virtual assets by public officials.

Choi Eun-soon, Auditor of Gyeonggi Province, announced measures to strengthen public service discipline, including this content, at the provincial open meeting on the 31st.

Auditor Choi stated, "We will amend the regulations on the code of conduct for Gyeonggi Province public officials to require those with job-related virtual asset holdings to report them and be excluded from related duties," adding, "We plan to complete the review by the Ordinance and Regulation Deliberation Committee on the code of conduct amendment by August and implement it."

This follows the directive of Governor Kim Dong-yeon of Gyeonggi Province.

Governor Kim instructed, "Before the Public Officials Ethics Act is enforced, even if we have to create our own related regulations or make it a recommendation, we should consider receiving virtual asset reports from public officials subject to property registration at grade 4 or higher."

He emphasized, "How many problems have arisen because of coins now? Many citizens are disappointed by the actions of elected public officials in responsible positions," and pointed out, "Even when members of the National Assembly are severely criticized, internal disciplinary actions are not taken, leading to public condemnation. The public service community should not be like this."

Earlier, on the 25th, the National Assembly passed an amendment to the Public Officials Ethics Act at the plenary session to include virtual assets in the property reporting and disclosure requirements for senior public officials at grade 4 or higher.

The amendment also includes restrictions on virtual asset holdings by public officials who acquire information or exercise influence over virtual assets and their related parties.