Jeongmu Committee Files Complaints Against Former Bithumb Korea Chairman Lee Jeong-hoon and Others... Absence from National Audit

The National Assembly's Political Affairs Committee has decided to file charges against Lee Jeong-hoon, former chairman of Bithumb Korea, who failed to attend last year's audit.

On the 6th, the Political Affairs Committee passed a resolution to prosecute the former chairman at a plenary meeting. Lee was summoned as a witness for the Political Affairs Committee's audit of the Financial Services Commission in October last year but did not appear at the hearing. Both ruling and opposition parties planned to question Lee, known as the actual owner of Bithumb, regarding allegations of price manipulation of the Arowana Token cryptocurrency.

Additionally, the Political Affairs Committee decided to prosecute Park Jeong-ran, secretary of the Ministry of Land, Infrastructure and Transport, who refused to testify during last year's audits of the Office for Government Policy Coordination and the Prime Minister's Secretariat. According to the Act on Testimony, Inspection, and Records at the National Assembly, a witness who fails to attend a government audit without justifiable reason may face imprisonment of up to three years or a fine ranging from 10 million to 30 million won.