This South Korean official acted at an odd time, however

A ‘high-ranking’ South Korean official was caught buying Dogecoin (DOGE) on his cell phone while in the middle of an important local government meeting.

Source: Kanchanara/Unsplash

media journalists News 1 took a photo of the official who is a senior auditor in Gyeonggi Province. The listener was identified only by his last name, Ahn. The incident took place during a plenary meeting of the city council in Bucheon, Gyeonggi Province.

The price of DOGEN (Source: CoinMarketCap)

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 budget matters. These speeches were given 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 noted that Mr. Ahn’s mind seemed to be elsewhere during the meeting. The outlet wrote that Ahn thought “unable to concentrate on plenary” and that he accessed a cryptocurrency trading app “repeatedly.”

DOGE trade: More interesting than politics?

The News1 team took a photo of Ahn and his phone screen during the meeting. The photo shows him using the “buy” feature on a national cryptocurrency exchange. In the image, Ahn also appears to compare the prices of DOGE with the prices of South Korean Won (KRW), Tether (USDT), and Bitcoin (BTC).

Faced with testimony from journalists, Ahn apologized several times for not being 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 matter seriously. We will review the circumstances and take appropriate action.”

The timing of the incident could not have been worse for Ahn. His one-year contract expires next month. And News1 reported that Ahn hopes to get an extension at a meeting later this month.

Last week, a South Korean court has approved the confiscation of $104 million from Daniel Shin, co-founder of Terraform Labs. Prosecutors say Shin made that money by selling shares in LUNC before the stock crash in May.

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