The Democratic Party of Korea has mandated that candidates of this party disclose to the public their cryptocurrency and cryptographic backgrounds, such as professional experience, academic background, etc. The Democratic Party will verify whether candidates have interests in virtual assets.
The Democratic Party currently holds a majority in South Korea's National Assembly, with 167 of the 300 seats.
In May this year, Democratic Party Congressman Kim Nam-gun was revealed by the media that he owned Wemix tokens worth approximately 6 billion won (approximately US$4.4 million). This controversy forced him to quit the party. (protos)