[Asia Economy Intern Reporter Lim Ju-hyung] It has been claimed that the asset size of Shincheonji Church of Jesus, the Temple of the Tabernacle of the Testimony (Shincheonji) exceeds 500 billion KRW.
According to the "2020 Shincheonji Emergency Report," based on the transcript of the "2020 Shincheonji General Assembly" held last month on the 12th in Gwacheon-si, Gyeonggi Province, released by the YouTube channel 'Jongmallron Samuso' on the 29th, the total asset size of Shincheonji is estimated to be approximately 551.322 billion KRW.
According to Jongmallron Samuso, Shincheonji manages its accounting by distinguishing between the General Assembly finances and the finances of the 12 regional branches nationwide.
Estimated Asset Status of Shincheonji Church of Jesus, the Temple of the Tabernacle of the Testimony (Shincheonji) / Photo by Jongmallonsa Office
The General Assembly finances estimated by Jongmallron Samuso amount to 94.998 billion KRW, and the finances of the 12 branches total 179.91 billion KRW, reaching a combined total of 274.9 billion KRW.
Meanwhile, the real estate owned by Shincheonji domestically and abroad includes 1,529 locations such as temples, offices, and missionary centers, with the estimated total value of the real estate owned by Shincheonji being 273.579 billion KRW.
The office estimated that Shincheonji's annual cash flow budget last year reached 1.06 trillion KRW, describing it as "assets comparable to a mid-sized company."
Meanwhile, Jongmallron Samuso is a YouTube account engaged in exposing activities related to Shincheonji.
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