The cryptocurrency assets of Kim Hong-soo, a city council member from Gangneung, South Korea, have skyrocketed over 1000 times in seven years. In 2018, he purchased 195,555 OES tokens and 240,000 Donocle tokens at a price of 23 KRW (approximately $0.016) per unit, making a total investment of 10 million KRW (approximately $6,800). These digital assets are currently valued at 12.90 billion KRW (approximately $880,000) and can be traded on the decentralized exchange Uniswap, but with very low liquidity, making actual realization difficult. Council member Kim still holds these tokens, but the insufficient market depth may affect the final profit realization.

PANews reported on April 2 that according to Pioneer Economy, the cryptocurrency assets of Kim Hong-soo, a councillor in Gangneung City, Gangwon Province, South Korea, have skyrocketed more than 1,000 times in seven years. In 2018, the local councillor purchased 195,555 OES tokens and 240,000 Donocle tokens at a unit price of 23 won (about $0.016), with a total investment of 10 million won (about $6,800). These digital assets, which are currently valued at 12.9 billion won (about $8.8 million), can be traded on the decentralized exchange Uniswap, but reports point out that their liquidity is extremely low and actual realization is difficult. Councillor Kim still holds these tokens purchased seven years ago, but the lack of market depth may affect his final profit realization.

South Korean lawmaker Kim Hong-soo's cryptocurrency assets have appreciated over 1,000 times in seven years.