Lee Han-jun of LH Ranks Second with 4.2 Billion KRW
26 Out of 29 Executives Saw Asset Increase
One Executive Grew Assets by 1.4 Billion KRW Through Cryptocurrency
Unlisted 'Triel' Stocks Held by Executives and Their Families
Lee Hak-jae, President of Incheon International Airport Corporation, was found to have the largest wealth among heads of public institutions under the Ministry of Land, Infrastructure and Transport. This is the result of the asset registration of 29 executives under the Ministry of Land, Infrastructure and Transport, disclosed by the Government Official Ethics Committee through the official gazette on the 27th.
President Lee reported total assets of 5,456.39 million KRW, maintaining his position as the 'wealthiest' since March last year. However, this is nearly 150 million KRW less than the previous year. The increase in liabilities and losses in financial products seem to have affected this. President Lee's real estate assets amount to 5.7 billion KRW. He owns real estate worth approximately 3.729 billion KRW through six land parcels located in Chuncheon-si, Gangwon, and Seo-gu, Incheon, and building assets including an apartment, buildings, and commercial properties under his spouse's name total 1.99994 billion KRW.
Following him, Lee Han-jun, President of Korea Land and Housing Corporation (LH), reported 4,197.76 million KRW, and Min Byung-sam, Standing Auditor of Korea Airports Corporation (31.381 million KRW), Hong Ji-man, Full-time Auditor of Housing and Urban Guarantee Corporation (28.9074 million KRW), Yoo Byung-tae, President of Housing and Urban Guarantee Corporation (28.4143 million KRW), Lee Sang-wook, Vice President of Korea Land and Housing Corporation (28.321 million KRW), Lee Sung-hae, Chairman of Korea National Railway Corporation (20.7271 million KRW), and Na Kyung-gyun, President of Saemangeum Development Corporation (20.3564 million KRW), among others, were also counted as asset owners with over 2 billion KRW.
Son Tae-rak, President of Korea Real Estate Board (19.3531 million KRW), Uh Myung-so, President of Korea Land and Geospatial Informatix Corporation (LX) (13.8248 million KRW), Lee Jong-guk, CEO of SR (12.881 million KRW), Han Moon-hee, President of Korea Railroad Corporation (11.9937 million KRW), and 13 others reported assets in the 1 billion KRW range. The person with the least assets was Park Jin-i, Auditor of SR (293.78 million KRW), and Ham Jin-gyu, President of Korea Expressway Corporation, reported 306.67 million KRW.
Among executives under the Ministry of Land, Infrastructure and Transport, 26 out of 29 showed an increase in assets compared to before. The person who increased assets the most (1.53238 billion KRW) was Shim Young-joo, Vice President of SR. His assets rose sharply from 397.31 million KRW to 1.92969 billion KRW after inheriting land in Gyeyang-gu, Incheon, valued at 1.53114 billion KRW.
Next, Kim Ki-hwan, CEO of Busan-Ulsan Expressway Corporation, had the second-largest increase of 485.65 million KRW. His reported assets total 2.69121 billion KRW. The biggest factor in the asset increase was virtual assets. The valuation of dozens of cryptocurrencies held under Kim's name reached 1.42617 billion KRW. Due to additional purchases and price increases, this rose by about 800 million KRW compared to before.
Besides this, Kim also holds listed stocks worth 9.39 million KRW and unlisted stocks (64 shares of Bracom, 40,000 shares of Albio) worth 20.32 million KRW under his name. A condominium membership owned by him is valued at 180 million KRW. On the other hand, Lee Jung-gi, Vice President of Korea Airports Corporation, reported a decrease of 131.27 million KRW due to gifts related to his eldest son's wedding, reporting 1.1922 billion KRW, the second-largest decrease after President Lee Hak-jae.
There were also many holders of unlisted stocks. In particular, 'Triel' stocks were held simultaneously by Yoo Byung-tae, President of Housing and Urban Guarantee Corporation, his family, and Lee Seung-ho, Standing Auditor of Korea Expressway Corporation. Yoo Byung-tae and his spouse each hold 12,650 shares (6.33 million KRW), and their eldest son and daughter each hold 5,750 shares (2.88 million KRW), making the entire family shareholders of Triel. Lee Seung-ho holds 6,000 shares (4.82 million KRW) under his name. Son Bong-su, CEO of Jane's, holds 9 shares of 'Phoebus' stock and 30 shares under his spouse's name, with investments in listed stocks amounting to about 320 million KRW. Park Jin-i, Auditor of SR, holds 10 shares of Bithumb (2.54 million KRW).
Also, except for three executives, all others under the Ministry of Land, Infrastructure and Transport were found to own two or more houses. Lee Han-jun, President of LH, reported two houses under his name (Jamwon-dong, Seocho-gu, Seoul) and his eldest son's name (Yeouido-dong, Yeongdeungpo-gu), with a total value of 2.856 billion KRW, the largest scale. CEO Kim Ki-hwan reported owning four houses under his name alone and five including his spouse. He owns one lodging facility in Sokcho-si, Gangwon (about 400 million KRW), and two offices in Deogyang-gu, Goyang-si, Gyeonggi-do (each worth 189.9 million KRW) under his name. He also reported a jeonse leasehold right (84.94㎡) for an apartment in Hagui-dong, Uiwang-si, Gyeonggi-do as his asset. Under his spouse's name, there is one apartment in Jeongwang-dong, Siheung-si, Gyeonggi-do (184.54 million KRW).
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