[2024 Asset Disclosure] Kim Ju-hyun, Financial Services Commission Chairman, 3 Billion KRW... Lee Bok-hyun, 1.6 Billion KRW

Kim Sohyun, Vice Chairman of the Financial Services Commission, 9.3 Billion Won

Kim Ju-hyun, Chairman of the Financial Services Commission, and Lee Bok-hyun, Governor of the Financial Supervisory Service, reported assets worth 3 billion KRW and 1.6 billion KRW respectively. These figures represent decreases of 3% and 9% compared to last year's reported assets.

According to the 2024 regular asset disclosure report for high-ranking public officials, released on the 28th by the Government Ethics Committee through the official gazette, Chairman Kim reported assets totaling 3,019,073,000 KRW including himself and his spouse. This is about a 2.9% decrease from last year's 3,108,676,000 KRW. Chairman Kim's eldest daughter refused to disclose her assets citing "independent livelihood maintenance."

Among these, real estate consists of an apartment in Seocho-gu, Seoul (105.76㎡) jointly owned by Chairman Kim and his spouse, valued at 1,988,150,000 KRW. This reflects the conversion of a pre-sale right (valued at 1,988,150,000 KRW) held by the couple last year into ownership. The leasehold right worth 650,000,000 KRW reported last year was excluded as the lease contract ended. The vehicle reported is a 2007 Grandeur valued at 1,810,000 KRW.

Deposits amount to 1,029,103,000 KRW, an increase of 562,173,000 KRW from last year's 466,930,000 KRW. Of this, 355,373,000 KRW is under his name and 673,730,000 KRW under his spouse's. Additionally, securities include overseas stocks worth 10,000 KRW (Nike, Amazon.com). Debts were fully repaid, reporting zero.

Financial Services Commission Chairman Kim Ju-hyun and Financial Supervisory Service Chairman Lee Bok-hyun are attending the National Assembly's Political Affairs Committee on the 29th and having a conversation. Photo by Kim Hyun-min kimhyun81@

Governor Lee reported total assets of 1,696,917,000 KRW including himself, his spouse, and children. This is about an 8.9% decrease from last year's 1,862,383,000 KRW. Real estate includes an apartment in Jamwon-dong, Seocho-gu, Seoul (132.16㎡) jointly owned by the couple, valued at 1,782,000,000 KRW. The vehicle reported is a 2010 Genesis under his name, valued at 4,810,000 KRW. The 2020 GV80 (53,840,000 KRW) owned until last year was sold.

Deposits total 247,917,000 KRW including those under the names of the couple and their eldest son and daughter. Deposits under his name are 150,014,000 KRW, spouse's deposits are 34,117,000 KRW, and deposits under the eldest son and daughter are 13,690,000 KRW and 50,096,000 KRW respectively.

Debts reported include 273,310,000 KRW under his name and 64,500,000 KRW in private debts under his spouse's name. Governor Lee's parents refused to disclose their assets citing independent livelihood maintenance.

[Image source=Yonhap News]

Kang Seok-hoon, Chairman of the Korea Development Bank, reported total assets of 2,908,325,000 KRW including himself, his spouse, and eldest son. This is an increase of 48,269,000 KRW from last year's 2,860,056,000 KRW. Land includes a rice paddy in Bonghwa-gun, Gyeongbuk, valued at 5,779,000 KRW, currently in inheritance procedures following his mother's death. Buildings include an apartment in Seocho-dong, Seocho-gu, Seoul (171.04㎡) jointly owned by the couple, valued at 1,800,000,000 KRW. The vehicle reported is a 2013 K9 under his name, valued at 12,950,000 KRW.

Deposits reported are 509,883,000 KRW under his name, 295,143,000 KRW under his spouse's, and 85,216,000 KRW under his eldest son. Securities include listed stocks worth 119,354,000 KRW held by himself, his spouse, and eldest son. Other assets include a Kumho Resort International membership valued at 80,000,000 KRW.

Among high-ranking officials under the Financial Services Commission, the person with the largest assets is Vice Chairman Kim So-young. Vice Chairman Kim reported total assets of 9,378,966,000 KRW including herself, her spouse, and eldest daughter. This is about a 68% decrease from last year's 29,376,249,000 KRW. This is because she placed 20,923,536,000 KRW worth of unlisted stocks (210,687 shares of Joongang Shipping Co., Ltd.), which made up most of her assets, into a blind trust.

Land includes forest land (8,312㎡) in Daesan-eup, Seosan, Chungnam, under her spouse's name, valued at 53,612,000 KRW. Real estate includes a mixed-use building in Dongja-dong, Yongsan, Seoul (208.39㎡), an officetel in Hangangro 2-ga, Yongsan-gu (47.65㎡), and an apartment in Seobinggo-dong, Yongsan, Seoul (166.98㎡) jointly owned by the couple, totaling 5,224,400,000 KRW.

Vehicles reported include a 2017 Mercedes-Benz (19,380,000 KRW) and a 2023 G80 (67,890,000 KRW). Deposits total 4,756,693,000 KRW, with 4,660,449,000 KRW under her name, 6,461,000 KRW under her spouse's, and 89,783,000 KRW under her eldest daughter's.

Securities amount to 133,491,000 KRW. Listed stocks include 300 shares of Samsung Electronics and 2,200 shares of Central Insight, totaling 29,028,000 KRW. Corporate bonds amount to 104,463,000 KRW. Debts reported include 1,122,500,000 KRW related to building rental deposits owned by herself and her spouse. Additionally, she owns a membership at Hanyang Country Club valued at 246,000,000 KRW.

Embargo until April 5, 2 PM
Kim So-young, Vice Chairman of the Financial Services Commission, is attending the joint briefing of related ministries on the youth sector of the public livelihood discussion held at the Government Seoul Office in Jongno-gu, Seoul on the 4th, responding to reporters' questions. Photo by Jo Yong-jun jun21@

Looking at other high-ranking officials under the Financial Services Commission, Lee Se-hoon, Senior Deputy Governor of the Financial Supervisory Service, reported 939,048,000 KRW, a decrease of 31,524,000 KRW from last year's 970,572,000 KRW. Kim Yong-jae, Standing Commissioner of the Financial Services Commission, reported 2,411,597,000 KRW, and Kwon Dae-young, Standing Commissioner, reported 1,654,991,000 KRW. Both figures decreased compared to last year's 2,416,107,000 KRW and 1,964,417,000 KRW respectively. Kim Jeong-gak, Standing Commissioner, reported 3,529,474,000 KRW, an increase of 285,618,000 KRW from last year's 3,243,856,000 KRW.

Meanwhile, the average assets of heads of public enterprises under the Financial Services Commission (Deposit Insurance Corporation, Korea Asset Management Corporation (KAMCO), Credit Guarantee Fund, and Korea Inclusive Finance Agency) were 3,373,000,000 KRW.

The wealthiest among them is Yoo Jae-hoon, President of the Deposit Insurance Corporation, who reported assets of 4,993,660,000 KRW, a decrease of 160,230,000 KRW from last year. Although deposit assets slightly increased, real estate assets significantly decreased.

Deposit assets amount to 943,840,000 KRW, an increase of 112,190,000 KRW from last year's 831,650,000 KRW. Real estate assets, which account for 80% of his wealth, decreased by 214,770,000 KRW for buildings and 54,380,000 KRW for land. President Yoo newly reported a leasehold right on an apartment in Malli-dong 2-ga, Jung-gu, Seoul (730,000,000 KRW), but the assessed values of his own apartment in Bangbae-dong, Seocho-gu, Seoul (1,705,000,000 KRW) and an apartment in Paris, France (792,980,000 KRW) declined due to a drop in official land prices. The decreases were 169,000,000 KRW and 65,340,000 KRW respectively.

The second wealthiest is Choi Won-mok, Chairman of the Credit Guarantee Fund, who reported 4,797,880,000 KRW, an increase of 66,780,000 KRW. More than half of his assets are deposits, totaling 2,621,780,000 KRW. Lee Jae-yeon, President of the Korea Inclusive Finance Agency, reported 3,890,760,000 KRW, a decrease of 10,080,000 KRW. He and his spouse and second son own buildings valued at 1,764,350,000 KRW and deposits worth 1,653,240,000 KRW.