57.24 Million KRW vs 91.4 Billion KRW... Extreme Wealth Gap Among United Party's First-Term Lawmakers

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] '57.24 million KRW (Assemblyman Ji Seong-ho) vs 91.41445 billion KRW (Assemblyman Jeon Bong-min)'.

Although they are active together in the 21st National Assembly, their wealth scale was at opposite extremes. According to the asset declaration disclosure details announced by the National Assembly Public Official Ethics Committee on the 28th, the total assets of 58 first-term lawmakers of the United Future Party amounted to 289.395 billion KRW, averaging 4.988 billion KRW per person.

Although the average asset size approaches 5 billion KRW, this is because many have assets worth hundreds of billions. Excluding four lawmakers with assets over 20 billion KRW (Han Mu-gyeong, Jeon Bong-min, Kim Eun-hye, Baek Jong-heon), the average asset size per person drops to 1.917 billion KRW, about one-third of the total. Of course, this is still higher than that of the Democratic Party of Korea (1.282 billion KRW).

The first-term lawmaker with the smallest asset size among the United Future Party is Ji Seong-ho, a defector from North Korea. He declared total assets of 57.24 million KRW, including a jeonse lease right in Mapo-gu, Seoul (3.51 million KRW), deposits (36.9 million KRW), and a vehicle (14.4 million KRW).

On the other hand, the first-term lawmaker with the largest asset size is Jeon Bong-min, who declared total assets of 91.41445 billion KRW, including land (538.64 million KRW) consisting of six forest areas and one rice paddy in Busan, buildings such as his apartment and office jeonse lease rights in Suyeong-gu, Busan (734 million KRW), vehicles owned by him and his spouse (163.56 million KRW), deposits (1.69981 billion KRW), securities (85.87313 billion KRW), bonds (2.45069 billion KRW), and debts (-45.39 million KRW). Most of the securities he holds are unlisted stocks of Ijin Housing and Dongsu Construction, where he served as CEO and is the largest shareholder.

Han Mu-gyeong, former CEO of the auto parts company 'Dizen' (45.2 billion KRW), also owns unlisted stocks worth 32.7 billion KRW, including 398,235 shares of Dizen, and declared multiple lands (1.07172 billion KRW) such as factory sites in Pyeongchang-gun, Gangwon-do, and Gyeongsan-si, Gyeongsangbuk-do.

Baek Jong-heon, who declared assets worth 28.2 billion KRW, was a real estate tycoon. His assets included land (4.6388 billion KRW) owned by himself, his spouse, and children; buildings (12.85812 billion KRW) such as 28 officetels in Geumjeong-gu, Busan, a jeonse lease right for an officetel in Yeongdeungpo-gu, Seoul, an officetel in Dongnae-gu, Busan, and an apartment in Geumjeong-gu, Busan; and securities (8.64275 billion KRW), including 51,000 shares of Baeksan Metal, where he is the CEO.

Kim Eun-hye declared assets worth 21 billion KRW, including her own officetel jeonse lease right (70 million KRW), a commercial building in Daechi-dong, Seoul, owned by her spouse (15.86785 billion KRW), and a row house in Gangnam-gu (1.0888 billion KRW).

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