[Public Officials' Assets] Park Namchun, Mayor of Incheon, 2.6 Billion KRW... Ranked 3rd Among Metropolitan Leaders

Incheon Superintendent Doseong Hoon Ranked 16th Nationwide with 256 Million KRW
Average Assets of 51 Senior Officials in Incheon at 840 Million KRW

Park Nam-chun, Mayor of Incheon

[Asia Economy Reporter Park Hyesook] Park Namchun, the mayor of Incheon, was found to be the third wealthiest among the heads of metropolitan local governments nationwide. Additionally, the average assets of 51 senior public officials in Incheon were calculated to be 840 million KRW.

According to the 2020 regular asset changes disclosed by the Government Ethics Committee on the 26th, Mayor Park reported assets of 2.62 billion KRW, an increase of 65 million KRW from the previous year, ranking third among the 17 metropolitan heads nationwide, following Oh Keo-don, mayor of Busan, and Lee Chun-hee, mayor of Sejong.

Mayor Park jointly owns one apartment (720 million KRW) in Nonhyeon-dong, Namdong-gu with his spouse, and solely owns another apartment (360 million KRW). He personally holds 836 million KRW in deposits, while his spouse has 647 million KRW in deposits.

Mayor Park reported that his assets increased by approximately 65 million KRW compared to the previous year due to partial return of apartment jeonse deposits and increased deposits.

Do Seong-hoon, superintendent of Incheon Metropolitan Office of Education, ranked 16th among the 17 city and provincial superintendents nationwide with 256 million KRW.

Superintendent Do owns land worth approximately 60 million KRW in Seokcheon-ri, Cheonan-si, Chungnam (2 plots, 1,250㎡) and Sejong City (2 plots, 330㎡), as well as a building of 96㎡ in Nonhyeon-dong, Namdong-gu.

Lee Yong-beom, chairman of the Incheon City Council, reported assets of 328 million KRW, a decrease of 4 million KRW.

Among the 10 county and district heads in Incheon, Yu Cheon-ho, head of Ganghwa County, reported the highest assets at 1.689 billion KRW. He was followed by Lee Jae-hyun, head of Seo-gu, who reported 1.653 billion KRW, and Hong In-seong, head of Jung-gu, who reported 1.447 billion KRW, ranking second and third respectively.

Furthermore, the average assets of 117 county and district council members subject to disclosure by the Incheon Public Officials Ethics Committee were 714 million KRW.

Min Yun-hong, a member of Gyeyang-gu Council, reported the highest amount at 5.62 billion KRW, an increase of 120 million KRW from the previous year, followed by Yoon Hwan, chairman of Gyeyang-gu Council, with 5.3 billion KRW, and Kim Ik-seon, a member of Michuhol-gu Council, with 4.24 billion KRW.

The reasons for asset increases were analyzed as rises in official real estate prices, real estate transactions, and salary savings, while increases in loans were cited as reasons for decreases.

The local council member with the largest asset increase was Kim Hwan-yeon of Bupyeong-gu, who reported 350 million KRW this year, an increase of 830 million KRW compared to the previous year's negative 470 million KRW due to debts. Park Hyang-cho, a member of Michuhol-gu Council, reported the largest decrease, with assets dropping by 1.38 billion KRW to 3.16 billion KRW compared to the previous year.

The Incheon Public Officials Ethics Committee will conduct asset reviews on the reported assets until the end of June. If it is found that a public official has falsely or negligently reported assets or formed assets through improper or illegal means, appropriate measures such as warnings and fines will be imposed depending on the severity.

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