The Public Official Ethics System will give Korean citizens access to at least 5,800 officials’ declarations in 2024.
From 2024, almost six thousand South Korean officials will be obliged to publicly disclose their crypto holdings. The country's Ministry of Personnel Management said on Dec. 27 that information about government officials’ private holdings of crypto assets will be included in the Public Official Ethics System.
Previously, some Korean civil servants disclosed their crypto holdings in the government’s official gazette or on the websites of ministries or parliamentary chambers, but with the Public Official Ethics System, Korean citizens will get access to at least 5,800 officials’ declarations in 2024.
Related: Head of South Korea’s financial regulator to discuss crypto with Gary Gensler. Report
