Politician Kim Nam-kuk is leaving his party to ease the burden caused by the controversy surrounding him, hoping that it won't affect the party during a crucial time.
South Korean lawmaker Kim Nam-kuk has announced his departure from the Democratic Party over his alleged crypto dealings while legislating on digital assets. The politician said that he would continue his fight to prove his innocence independently.to Kim, his departure will relieve party members of the burden brought about by the controversy. He believes the issues should no longer affect the party during a crucial time.
Meanwhile, the politician also said he would continue his efforts to bring the truth to light as an independent legislator. “I will stand up to the end to unfair political offenses and reveal the truth,” he said. Kim criticized the media for reporting on his crypto dealings, stating the reports were not based on facts and pledged to confront them.On May 8, the lawmaker was
worth of crypto assets before the country started to enforce the “Travel Rule” from the Financial Action Task Force in March 2023. Authorities are still investigating the politician for alleged violations.
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