A ‘high-ranking’ South Korean official was caught buying Dogecoin (DOGE) on his cellphone while he was in the middle of an important local government meeting.
media journalists News1 took a photo of the official who is a senior auditor in Gyeonggi Province. The listener was only identified by his last name, Ahn. The incident took place during a plenary session of the city council in Bucheon, Gyeonggi Province.
The council had been convened on the morning of November 21 to listen to several reports from the “negotiating group” and the “municipal administration” on budgetary questions. These speeches were made by senior advisers. They were followed by a presentation from the city’s mayor, Cho Yong-ik, who laid out the details of the city’s 2023 budget.
But reporters noticed that Mr. Ahn’s mind seemed to be elsewhere during the meeting. The outlet wrote that Ahn seemed “unable to concentrate on the plenary session” and that he accessed a cryptocurrency trading app “repeatedly.”
DOGE trading: More interesting than politics?
The News1 team took an image of Ahn and his phone screen during the meeting. The image shows him using the “buy” function of a national cryptocurrency exchange. In the photo, Ahn also appears to be comparing the prices of DOGE with those of South Korean Won (KRW), Tether (USDT), and Bitcoin (BTC).
Faced with testimonies from journalists, Ahn “apologized several times for not having been able to concentrate during the plenary session”.
He also reportedly apologized for “doing other things” during the session.
A city official reportedly said:
“We take this case seriously. We will review the circumstances and take appropriate action.”
The timing of the incident could not have been worse for Ahn. His annual contract is due to expire next month. And News1 reported that Ahn hopes to be granted an extension at a meeting later this month.
Last week, a South Korean court has authorized the confiscation of $104 million from Daniel Shin, the co-founder of Terraform Labs. Prosecutors say Shin made that money by selling stakes in LUNC before the May price crash.
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