SK Politician Accused of Going After Exchange Amid Conflict of Interest

Kim Byung-kee, floor leader of South Korea’s Democratic Party and a member of the National Assembly's Political Affairs Committee, is under scrutiny following allegations that he attempted to secure a job for one son at crypto exchange Bithumb while simultaneously criticizing competitor Upbit (operated by Dunamu) in the National Assembly. The report suggests Kim instructed staff to "attack Dunamu" over monopoly concerns following Naver's agreement to acquire the company for $10 billion. Kim's role overseeing financial institutions has raised conflict of interest concerns, though he denies any wrongdoing, stating his son's hiring was unrelated to his legislative work. Bithumb maintained its recruitment process was transparent and fair.

(Source：Cointelegraph)