South Korea's Financial Committee Replaces Virtual Asset Investigation Bureau Chief Amid Allegations

According to Odaily, the South Korean Financial Committee has recently replaced the head of its Virtual Asset Investigation Bureau, a move reportedly linked to workplace conflict allegations. On the 25th, financial authorities and industry insiders revealed that Lee Bok-hyun, the head of the Financial Supervisory Service, relieved Moon Jeong-ho (phonetic) of his duties in mid-month. Moon has been succeeded by Jeon Hong-gyun (phonetic), who was previously serving as a financial cooperation officer in a local government. This decision was confirmed to be a result of escalating tensions between Moon Jeong-ho and his staff. Reports indicate frequent disagreements between Moon and the head of Group A within the bureau, with a particularly intense argument occurring two months ago. Following this, Moon bypassed the Group A leader, issuing direct orders to investigators, which prompted the Group A leader to formally raise the issue. An official from the Financial Supervisory Service commented, "It's difficult to label this as bullying, but there was indeed conflict, so we separated them according to personnel procedures." Moon Jeong-ho has not been reassigned since stepping down, and depending on the investigation's outcome, he may face disciplinary action in the future.