South Korea May Invalidate Do Kwon's Passport in 14 Days: What You Need to Know

The saga surrounding Terraform Labs CEO Do Kwon continues as South Korea has decided to invalidate Do Kwon's passport after announcing that it will be cancelled. This move, initiated by South Korean prosecutors who have reportedly asked the country’s foreign ministry to invalidate Terraform Labs founder Do Kwon’s passport, aims to pressure Kwon's return to face charges related to the collapse of TerraUSD and Luna.

According to reports, South Korea’s Ministry of Foreign Affairs on Oct. 6 issued an order for Terraform Labs CEO Do Kwon to surrender his passport. The Ministry's announcement means that The South Korean Ministry of Foreign Affairs announced yesterday that the passport of Terra’s Do Kwon would be canceled in 14 days. The Ministry also ordered that the passport be returned.

What does this mean for Do Kwon? Do Kwon will have 14 days to return his passport and any re-issuance. If the passport isn’t returned within 14 days of the announcement, it will lose its validity in accordance with Article 13 of the Passport Act. Thus, Kwon will become an illegal. This is a significant step, as South Korea seeks to revoke Do Kwon’s passport to coerce his return. Prosecutors handling the case believe that the involved parties should return to South Korea within 14 days to cooperate with the investigation, meaning the pressure is mounting.

The clock is ticking. Will Do Kwon return his passport and face the charges in South Korea? The next two weeks will be crucial in determining the next chapter of this ongoing legal battle. It all hinges on 15 de sept. de 2025.