South Korea’s parliamentary ethics subcommittee has made a decision not to expel former Democratic Party member Kim Nam-kuk, following a divisive vote. The motion faced a deadlock as the ruling People Power Party and the Democratic Party evenly divided their votes, resulting in a 3–3 tie that thwarted the motion’s passage.

The subcommittee initially aimed to remove him from office. Scrutiny fell upon Kim’s ownership of Wemix [WEMIX] tokens, as a court ruling led to the delisting of these tokens from major exchanges in 2022. South Korean blockchain game creator Wemade developed the tokens. Local news outlet Yonhap reported the rejection of the expulsion motion on 29 August. It was revealed that Kim once possessed around $4.5 million in WEMIX tokens.

Kim Nam-kuk’s connection to these investments raised serious concerns about conflicts of interest, insider trading, and potential money laundering. His possession of tradable WEMIX tokens prior to their delisting sparked questions about the ethical implications of his actions.