[Public Officials' Assets] Park Won-soon, Seoul Mayor -690 million KRW ... 2nd Lowest Among All Subjects

[Asia Economy Reporter Jo In-kyung] Seoul Mayor Park Won-soon's assets remained the lowest among all metropolitan government heads nationwide, with a negative balance of 690.91 million KRW. Among major public officials in South Korea, he ranked second lowest.

According to the 2020 regular asset change report released by the Government Public Officials Ethics Committee on the 26th, as of the end of last year, Mayor Park's assets stood at -690.91 million KRW, an increase of 45.59 million KRW compared to -736.50 million KRW at the end of 2018.

Mayor Park reported assets of -310.56 million KRW when he took office as Seoul Mayor in 2011. Since then, his reported assets showed a decreasing trend each year, dropping to the -600 million KRW range in 2013.

During this period, Mayor Park consistently ranked lowest in total assets among major public officials. However, in March last year, when assets were disclosed, Minister Jin Sun-mi of the Ministry of Gender Equality and Family reported -1,386.97 million KRW, placing her second lowest.

This year, instead of the retired Minister Jin, Moon Haeng-ju, a member of the Jeollanam-do Provincial Assembly, reported -692.98 million KRW, making his total assets the smallest by about 2 million KRW difference from Mayor Park.

Among Mayor Park's assets, the land value of his hometown, Changnyeong-gun, Gyeongnam, was 75.96 million KRW, up 7.05 million KRW from the previous year. His personal savings increased from 36.15 million KRW to 37.08 million KRW.

His debts decreased by 12.03 million KRW from 855.14 million KRW to 843.11 million KRW.

Seoul Deputy Mayor for Administration Jin Hee-seon’s assets increased by 124.19 million KRW from 1.63233 billion KRW to 1.75652 billion KRW at the end of last year. She reported assets worth 1.7825 billion KRW, including a detached house in Cheongun-dong, Seoul, and an apartment in Geumho-dong, under her and her spouse’s names, with debts amounting to 380 million KRW.

Political Affairs Deputy Mayor Moon Mi-ran reported total assets of 2.26271 billion KRW, including land and a detached house in Cheongun-dong under her and her spouse’s names.

Seoul City Council Chairman Shin Won-chul’s total assets were 550.11 million KRW, and Seo Soon-tak, President of Seoul City University, reported 1.7158 billion KRW.

Meanwhile, Seoul City Council member Sung Joong-ki reported assets of 13.23119 billion KRW, an increase of 286.87 million KRW from before, ranking fourth highest among the public officials subject to this asset disclosure. Among the 25 district mayors of Seoul, Kim Young-jong, mayor of Jongno-gu, had the highest assets at 8.49951 billion KRW.

The disclosed assets can be viewed on the "Republic of Korea Electronic Official Gazette" (gwanbo.mois.go.kr).

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