South Korean Authorities to Void Do Kwon’s Passport and Expedite Deportation
South Korean prosecutors have intensified their efforts to capture Do Kwon, the co-founder and CEO of Terraform Labs – with the Ministry of Foreign Affairs ready to step in to void his passport.
Munhwa Ilbo reported that the Seoul Southern District Prosecutors’ Office has asked the Ministry of Foreign Affairs to invalidate the passports of five South Korean nationals, including Kwon and a “financial officer” surnamed Han. The ministry has confirmed that it received the request.
Under international law, individuals with voided passports must be immediately deported to their country of origin.
The voiding process typically takes up to a month, but the media outlet reported that the prosecution was “expected to pressure Kwon and others” to return their passports voluntarily to the South Korean Embassy in Singapore and “return before” the ministry completes the process.
Meanwhile, further details have emerged about the arrest warrant South Korean prosecutors yesterday issued to Kwon – with the CEO apparently initially refusing to meet with prosecutors who had traveled to Singapore.
Kwon is now residing in Singapore, where he established Terraform in 2018. The Seoul Southern District Prosecutors’ Office has been investigating him and other Terraform-linked individuals for suspected fraud for several months.
But the investigation appears to have heated up in recent weeks, with prosecutors heading to Singapore to speak with Kwon and other Terraform executives. KBS reported that when Kwon “did not comply with a request to attend” a meeting with prosecutors, they responded by issuing a warrant.
Details about the other five warrants remain scant, but Chosun reported that the individual surnamed Han was Terraform’s “head of finance.” An
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