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[Former Incheon Mayor Yoo Jeong-bok Suspected of Concealing 21,000 Units of Crypto Assets, Subject to Police Search] According to Yonhap News Agency, the Anti-Corruption and Economic Crimes Investigation Unit of the Incheon Metropolitan Police Agency conducted a search on July 27 at the residence of former Incheon Mayor Yoo Jeong-bok and the General Affairs Division office of the Incheon City Government. Yoo Jeong-bok and his wife are accused of transferring 21,000 units of crypto assets to overseas exchanges and deliberately concealing them in the property declaration for candidates during the June 3 local elections. The Incheon City Election Commission determined that the assets declared in his election bulletin were approximately 78 million KRW less than his actual assets, issued a correction notice, and submitted an additional complaint. The police have since questioned Yoo Jeong-bok, his wife, and the informant.

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