[2025 Asset Disclosure] Heungkuk Eldest Son Ryu Gwangjun, Director, Ranked 10th Among Public Officials with 14.3 Billion Won

Ryu Gwang-jun, Head of the Science and Technology Innovation Headquarters at the Ministry of Science and ICT, reported assets worth 14,360,830,000 KRW, ranking tenth among central government officials subject to public disclosure.

According to the regular asset change report published in the government gazette by the Government Ethics Committee on the 27th, Ryu reported assets under his name and those of his spouse and children totaling 14,360,830,000 KRW, a decrease of approximately 895,170,000 KRW compared to the previous report.

The largest portion of Ryu’s assets, who is the eldest son of Ryu Jong-mok, Honorary Chairman and founder of Heungkuk, a KOSDAQ-listed company specializing in construction machinery and automotive parts precision processing, was securities worth 10,384,010,000 KRW.

Ryu Gwang-jun, Director of the Science and Technology Innovation Bureau, Ministry of Science and ICT. Photo by Yonhap News

Ryu, his spouse, eldest son, and eldest daughter collectively held 1.79 million shares of Heungkuk. Ryu himself reported 4,483,920,000 KRW, his spouse 3,715,570,000 KRW, and his children (eldest son 1,092,170,000 KRW, eldest daughter 1,092,170,000 KRW) also reported significant amounts.

Ryu also reported an apartment in Gaepo-dong, Gangnam-gu, Seoul, valued at 1,755,700,000 KRW, and a leasehold right on an apartment in Seocho-gu, Seoul, worth 1,500,000,000 KRW, both under his and his spouse’s names.

Additionally, deposits totaling 2,097,360,000 KRW were held by Ryu (327,720,000 KRW), his spouse (1,495,200,000 KRW), eldest son (123,830,000 KRW), and eldest daughter (150,620,000 KRW).

Although deposits owned by Ryu and his family increased by 994,820,000 KRW, the overall asset size decreased by 895,170,000 KRW due to real estate transactions including the sale of apartment pre-sale rights worth 1,460,830,000 KRW owned by Ryu and his spouse, moving into a leased apartment in Seocho-gu, Seoul (1,500,000,000 KRW), a decrease in securities income by 667,720,000 KRW, and an increase in Ryu’s liabilities.