Minister Park's Salary Increase Leads to 125 Million Won Rise
Director Joo Jin-sook Tops Overall Reporting Targets

[Asia Economy Reporter Han Jinju] The assets of Park Yang-woo, Minister of Culture, Sports and Tourism, increased by 125 million KRW compared to last year.


According to the '2020 Regular Asset Change Report' disclosed through the government official gazette by the Government Official Ethics Committee on the 26th, Minister Park's assets amounted to 2,087,060,000 KRW, an increase of 125,250,000 KRW from last year (1,961,800,000 KRW). This increase was due to a rise in deposits from salary increases for himself and his children.


Minister Park's personal assets include real estate such as an apartment in Mok-dong, Yangcheon-gu, Seoul (880,000,000 KRW, debt 580,000,000 KRW), and a jeonse right on an apartment in Seocho-gu, Seoul (750,000,000 KRW), deposits (319,340,000 KRW), and vehicles including a 2015 Genesis (25,570,000 KRW) and a 2005 Sonata (3,180,000 KRW), totaling 1,398,090,000 KRW.


First Vice Minister Oh Young-woo reported assets of 1,162,580,000 KRW, an increase of 203,530,000 KRW from the previous year due to an increase in real estate value. Second Vice Minister Choi Yoon-hee, who took office in December last year, was excluded from this asset report.



Among senior officials of the Ministry of Culture, Sports and Tourism and its affiliated agencies, the wealthiest is Joo Jin-sook, Director of the Korean Film Archive. Director Joo's reported assets amount to 17,931,600,000 KRW. She ranked first in declared assets among all 1,865 asset reporters under the jurisdiction of the Government Official Ethics Committee.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing