According to Yonhap News Agency, the Central Election Commission of South Korea stated that the Incheon Election Commission has reported the candidate for Incheon Mayor from the People Power Party, Yoo Jeong-bok, to the Incheon Police Department on suspicion of violating the Public Official Election Act. Yoo is accused of underreporting his assets in his candidate property declaration, with his spouse's actual declared assets corrected from 439 million Korean won (approximately $291k) to about 518 million Korean won (approximately $344k), and the total family assets corrected to approximately 291k Korean won (about $344k). Previously, media raised suspicions that his spouse held about 21k cryptocurrencies and transferred them to overseas exchanges, but these were not disclosed in the local election candidate asset declaration; the specific cryptocurrencies and their values were not disclosed.