South Korea’s Democratic Party requires preliminary candidates for next year’s general election to disclose virtual asset holdings

South Korean Democratic Party has decided to require preliminary candidates for next year's election to disclose their holdings of virtual assets (cryptocurrency). Han Byung-do, chairman of the Democratic Party's Strategic Planning Committee, said: "Our consensus is to strictly strengthen the ethical review of candidates. We have decided to verify whether candidates have conflicts of interest in virtual assets from the screening stage of the audit committee. If false reports are made, legal responsibility will be pursued; if discovered, corresponding strict measures will be taken (such as disqualification of candidates)." (Hankyung)