Unified Party's Shin Won-sik Puts Half of His 730 Million Won Assets into One KOSDAQ Bio Stock

[Asia Economy Reporter Park Cheol-eung] It has been revealed that Shin Won-sik, a member of the United Future Party, has invested about 730 million KRW, roughly half of his assets, in a single KOSDAQ stock.

According to the assets of newly registered 21st National Assembly members disclosed by the National Assembly Public Officials Ethics Committee on the 29th, Shin's assets amount to 1.499 billion KRW. Of this, 739 million KRW is shares in Helixmith, a KOSDAQ-listed company.

Shin himself holds about 474 million KRW (7,580 shares), and his spouse holds about 186 million KRW (2,972 shares) in stock. He does not own shares in any other companies. His eldest daughter also holds about 77 million KRW in stocks, most of which are Helixmith shares (1,158 shares).

Helixmith was established in 1996 as a university venture at Seoul National University and was listed on the KOSDAQ market in 2005. Last year, it changed its name from ViroMed and is engaged in bio-pharmaceutical businesses developing gene therapies and natural product drug businesses verifying the efficacy of natural materials. The stock price peaked at around 160,000 KRW in August last year but then plummeted and is currently in the 50,000 KRW range.

Shin does not own real estate but reported a leasehold right of 500 million KRW on an apartment in Seongdong-gu, Seoul. His deposits amount to about 244 million KRW. Most of his assets are held in stocks, deposits, and leasehold deposits.

Shin graduated from the Korea Military Academy, served as the commander of the Capital Defense Command of the Army and as deputy chief of the Joint Chiefs of Staff, and entered the National Assembly as a proportional representative of the United Future Party in the 21st general election.