[Public Officials' Asset Disclosure] Lee Young-min, CEO of Korea Venture Investment, Tops Asset Rankings Among Heads of Institutions Under the Ministry of SMEs and Startups

CEO Lee Young-min Reports Assets of 4.57665 Billion KRW... 300 Million KRW Increase from Previous Year

Lee Young-min, CEO of Korea Venture Investment Corporation

[Asia Economy Reporter Kim Cheol-hyun] Among the heads of institutions under the Ministry of SMEs and Startups, the person with the highest total assets was found to be Lee Young-min, CEO of Korea Venture Investment.

On the 31st, the Government Ethics Committee published the "2022 Regular Asset Change Report of Public Officials," which included this information, in the official gazette. The Government Ethics Committee disclosed the asset disclosure details of public officials subject to disclosure, including political appointees under the executive branch, senior civil service grade A, national university presidents, heads of public-related organizations, metropolitan and basic local government heads, metropolitan council members, and city/provincial superintendents of education, through the official gazette on that day.

According to the disclosed data, Lee Young-min, CEO of Korea Venture Investment under the Ministry of SMEs and Startups, reported assets worth 4,576,650,000 KRW. This is an increase of 299,390,000 KRW from the previous year's reported amount of 4,277,250,000 KRW. Regarding this, CEO Lee explained that the change was due to the conversion of securities sales to deposits and savings, sale of financial bonds, and partial sale of equity stakes.

Lee Jae-il, head of Daegu Center for Creative Economy and Innovation, followed with reported assets of 4,423,490,000 KRW, an increase of 708,100,000 KRW compared to before. The total assets of Lee Sang-hoon, chairman of the Korea Credit Guarantee Foundation, amounted to 2,634,410,000 KRW, an increase of 257,230,000 KRW from before. Jung Jin-soo, CEO of the Small and Medium Business Distribution Center, reported 2,464,520,000 KRW, an increase of 383,300,000 KRW from the previous year's 2,081,210,000 KRW, due to changes in publicly announced land prices. Following him, Kim Young-soo, secretary general of the Korea Youth Entrepreneurship Foundation, reported assets worth 2,013,470,000 KRW.

Jeong Yoon-mo, former chairman of the Korea Technology Finance Corporation, reported assets of 1,833,410,000 KRW, a decrease of 310,750,000 KRW compared to the previous year's 2,144,170,000 KRW. Kim Hak-do, chairman of the Korea SMEs and Startups Agency, reported assets of 1,606,950,000 KRW, an increase of 346,060,000 KRW from the previous year. The main reasons for the changes were asset value fluctuations, salary deposits and savings, and increases in jeonse deposits. Cho Bong-hwan, chairman of the Small Enterprise and Market Service, reported assets of 1,530,090,000 KRW, an increase of 395,240,000 KRW compared to the 1,134,840,000 KRW reported last year.