[Public Officials' Assets] Financial Services Commission Chairman, 390 Million KRW Increase... Most Senior Financial Officials' Assets Rise

Financial Services Commission Chairman Eun Sung-soo is announcing measures to stabilize the financial market related to COVID-19 at the briefing room of the Government Seoul Office in Jongno-gu, Seoul on the 24th. Photo by Moon Ho-nam munonam@

[Asia Economy Reporter Jo Gang-wook] The assets of senior financial officials, including high-ranking financial authorities and heads of financial public enterprises, mostly increased last year. This is interpreted as being influenced by rising real estate prices and increased salary savings.

According to the 2019 asset changes of senior public officials disclosed on the 26th by the Government Public Officials Ethics Committee, Eun Sung-soo, Chairman of the Financial Services Commission, reported assets worth 3.20188 billion KRW. This is an increase of 390 million KRW from the previous report. The value of the apartment owned by Chairman Eun in Seocho-gu, Seoul (928 million KRW) increased by 128 million KRW, and his personal deposits also increased by 60 million KRW due to salary savings.

Son Byung-doo, Vice Chairman of the Financial Services Commission, reported assets of approximately 2.06698 billion KRW, an increase of about 100 million KRW. While the value of the apartment jointly owned with his wife in Seocho-gu, Seoul (1.4 billion KRW) remained unchanged, deposits increased due to salary savings.

Yoon Seok-heon, Governor of the Financial Supervisory Service, reported assets of 3.11387 billion KRW, down 85 million KRW from the previous year. The value of the apartment owned by Governor Yoon in Chuncheon, Gangwon Province (225 million KRW) decreased by 12 million KRW, and deposits held by him and his spouse also decreased by about 70 million KRW.

Yoo Kwang-yeol, Senior Deputy Governor of the Financial Supervisory Service, reported assets of 2.30853 billion KRW, an increase of about 140 million KRW from a year ago. Salary savings and the recovery of jeonse deposits were cited as factors for the increase in assets.

Lee Dong-geol, Chairman of the Korea Development Bank, reported assets of 4.41847 billion KRW, an increase of about 530 million KRW. This was influenced by the increased value of land owned by him and his spouse and the value of his apartment.

The assets of heads of financial public enterprises such as Wi Sung-baek, President of the Korea Deposit Insurance Corporation (3.20476 billion KRW), Moon Seong-yu, President of the Korea Asset Management Corporation (3.9357 billion KRW), and Yoon Dae-hee, Chairman of the Korea Credit Guarantee Fund (3.3064 billion KRW), all exceeded 3 billion KRW. President Wi and President Moon’s assets increased by 210 million KRW and 590 million KRW respectively, while Chairman Yoon’s assets decreased by 70 million KRW.

Bang Moon-gyu, President of the Export-Import Bank of Korea, who was appointed at the end of October last year, disclosed his assets in the official gazette dated January 31 this year and was therefore excluded from this report. At that time, President Bang reported total assets of 5.11681 billion KRW, including an apartment in Yongsan-gu, Seoul, and deposits.

The financial public official who reported the highest assets was Kim Woo-chan, Auditor of the Financial Supervisory Service. Auditor Kim reported assets of 5.17315 billion KRW, an increase of 390 million KRW from the previous year, including an apartment in Daechi-dong, Gangnam-gu, Seoul (2.11 billion KRW) and deposits (2.68 billion KRW).

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