Share this article
South Korea to Make Officials' Crypto Disclosures Public
Public officials will be provided an asset disclosure service starting next year to report crypto and other holdings, South Korea's Ethics Policy Division said.
Updated Mar 8, 2024, 7:10 p.m. Published Dec 27, 2023, 10:37 a.m.
South Korea is making crypto and other asset holdings of approximately 5,800 public officials available to the public under new legislation aimed at increasing transparency.
Starting next year, public officials will be provided with an integrated asset disclosure service, South Korea's Ethics Policy Division said in a post on Wednesday. While asset disclosures are currently reported in official gazettes, under the new legislation, the information will be available through the Public Official Ethics System (PETI).
STORY CONTINUES BELOW
New laws requiring public officials to disclose their crypto holdings were passed in May following a high-profile scandal involving a lawmaker.
“We expect that the transparency of the public service community will be further increased through the implementation of an integrated service for public official property disclosure and property registration of virtual assets,” Kim Seung-ho, director of personnel management, said in Wednesday's post.
Starting June 2024, crypto exchanges Upbit, Bithumb, Coinone, Korbit and Gopax plan on having information provision systems to help track holdings, the announcement added.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
State of Crypto: Policymakers Dominated Most Influential 2025
CoinDesk is unveiling its annual list of the individuals who have shaped the crypto industry and the discourse around it this year.
Top Stories
