It was only a few months ago that Jung Ki-Joon, the head of South Korea’s Economic Policy Coordination Office had been tasked with the job of cracking down on cryptocurrencies. Jung Ki-Joon was responsible for numerous measures that aimed to regulate Bitcoin, Ripple, Ethereum and other cryptocurrencies. He was also the mind behind the banning of anonymous trading. It was ban that significantly reduced crimes linked to cryptocurrency.
Jung Ki-Joon was also in charge of arranging the opinions of different officials from different ministries within the South Korean government. It was him who stepped forward to announce that the government may close down all of the country’s exchanges. His exact statement was, “The proposed shutdown of exchanges that the justice minister mentioned recently is one of the measures suggested by the justice ministry to curb speculation.”
Sadly, in the early hours of Sunday morning Jung Ki-Joon was unresponsive when his family tried to wake him up. It is currently suspected that the official suffered a heart attack while sleeping Saturday night. His associates have reported that stress was a major factor in his passing away.
A government spokesman has been quoted by the Wall Street Journal saying, “He died from some unknown cause. He passed away while he was sleeping and [his] heart [had] already stopped beating when he was found dead,” That said, Police have opened up an investigation in an attempt to get to the cause behind his passing. Was it merely heart attack, or perhaps something more?
The 52-year-old is survived by his family. He will forever be remembered for the impact he made on cryptocurrency in South Korea in such a short time. Hopefully the person who takes his place had do his vision and ideals justice.