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Head of Organization with Pyongyang Ties Received Crypto from S Korean National Broadcaster Exec

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S Korean Nat’l Broadcaster Exec Received Crypto from Head of Pyongyang-linked Body
Source: SashaMagic/Adobe

An government information director on the nationwide South Korean broadcaster KBS acquired “crypto” from a determine on the head of a corporation with alleged ties to North Korea, an official audit has revealed.

Per DongA Ilbo, auditors defined that the information director, recognized by his surname Jin, had lent cash to a person surnamed Ahn, and recognized because the Chairman of the Asia-Pacific Exchange Association (abbreviated as APIA). Jin, the audit revealed, lent Ahn a sum of round $7,000 in 2019.

But in 2020, Ahn seems to have returned the cash in crypto – handing Jin 200,000 tokens of an unnamed cryptoasset.

The auditors offered their findings in entrance of the National Assembly, the place an MP for the ruling People’s Power Party stated that it didn’t “make sense” {that a} “journalist should loan money” to the pinnacle of a corporation just like the APIA.

According to its web site, the APIA is a bunch that’s centered on repatriating the stays of South Koreans who have been pressured to work as laborers in Japan from 1910 to 1945 – when Imperial Japan colonized the Korean Peninsula.

The APIA has additionally been concerned in peace-related efforts with North Korea. But of late, the physique has discovered itself on the middle of an rising scandal probably involving the pinnacle of the opposition Democratic Party, Lee Jae-myung and the previous Mayor of Seoul Park Won-soon.

Ties to North Korea? A National Scandal Brews

On Monday, prosecutors raided the headquarters of the underwear-making large SBW Group after proof emerged that workers could have smuggled money destined for North Korea into China in 2019. APIA could have ties to SBW – as it’s headquartered within the VIVIAN constructing, which is owned by SBW.

Prosecutors imagine that SBW and APIA have been concerned in a bribery case with hyperlinks to Lee Jae-myung. On Friday final week, they indicted the previous Vice Gyeonggi Province Governor Lee Hwa-young, claiming that he accepted $180,000 value of bribes from SBW – through the interval when Lee Jae-myung was serving as Gyeonggi Governor.

Korea Times reported that prosecutors suppose that “in return for the bribes, Lee helped SBW sign a business agreement with North Korean organizations in 2019, under which the underwear firm was promised business rights to secure rare earth metals and other mineral resources from North Korea.”

Some politicians have additionally accused Lee Jae-myung and Park of fostering hyperlinks with Virgil Griffith, the Ethereum developer jailed within the United States for trying to assist Pyongyang evade sanctions.

Compiled by Coinbold

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