Korean police raid former Incheon mayor's residence over alleged concealment of 21,000 crypto assets

Odaily Planet Daily News: South Korean police have raided the residence of former Incheon mayor Yoo Jeong-bok and the Incheon city government office, seizing phones, computers, and other materials. Yoo Jeong-bok and his wife are accused of transferring approximately 21,000 crypto assets in their possession to an overseas exchange and deliberately omitting them from the asset declaration for local election candidates. The Incheon City Election Commission determined that they violated the election law and required them to amend the property disclosure the day before the election, stating that their actual assets were approximately 78 million Korean won less than declared.