Won Hee-ryong, who sold Mokdong apartment, reports assets of 1.92 billion KRW

Minister of Land, Infrastructure and Transport Nominee

Won Hee-ryong, chairman of the Presidential Transition Committee's Planning Committee and nominee for Minister of Land, Infrastructure and Transport in the Yoon Seok-yeol administration, is entering the 20th Presidential Transition Committee in Tongui-dong, Jongno-gu, Seoul on the 12th to brief on the "Policy Directions for Achievable Carbon Neutrality."

Won Hee-ryong, the nominee for Minister of Land, Infrastructure and Transport, reported assets totaling 1,922,910,000 KRW.

According to the personnel hearing request submitted to the National Assembly on the 14th, Won reported a single-family house in Jeju City under his spouse's name (750,960,000 KRW) and land near their residence (2,850,000 KRW).

He also reported leasehold rights on two officetels in Mapo-gu, Seoul, under his spouse's name (20,000,000 KRW and 10,000,000 KRW respectively) and a 2022 K8 Hybrid vehicle (39,290,000 KRW).

Deposits amounted to 744,630,000 KRW under his spouse's name and 240,570,000 KRW under Won's name.

Deposits under the names of his eldest and second daughters were 40,130,000 KRW and 24,400,000 KRW respectively. Won also reported deposits under his father's name (7,120,000 KRW).

The assets under his mother's name, totaling 66,160,000 KRW, included two orchards in Seogwipo City, Jeju (229,520,000 KRW and 164,860,000 KRW respectively), along with financial debts amounting to 390,000,000 KRW.

Won deferred his military service examination in 1983-1984 due to being a student, and in 1985, he was classified as a wartime labor service exemption (exempt from active duty) due to right foot metatarsophalangeal joint ankylosis affecting two or more toes.

There were no records of tax delinquency in Won's family.

According to criminal record data, Won was fined 800,000 KRW twice in February 2019 for violations of the Public Official Election Act.

In December 2020, he was fined 900,000 KRW again for violating the Public Official Election Act.

Meanwhile, as Won was appointed Minister of Land, Infrastructure and Transport, which oversees real estate policy, a past anecdote about him selling a house in Mok-dong, Seoul, before its price skyrocketed, has resurfaced.

Won, who served three consecutive terms in Yangcheon-gap, Seoul, bought an apartment in Booyoung Green Town, Mok-dong, Seoul, for 375,000,000 KRW in 2002 but sold it for 830,000,000 KRW two years after being elected Governor of Jeju in 2014, a price below market value. The apartment price reportedly more than doubled afterward.

Regarding this, Won stated in July last year when declaring his presidential candidacy that selling the Mok-dong apartment and moving to Jeju was not because he did not know the price would increase by over 1 billion KRW, but because he believed public officials should naturally do so.