31 First-Term Lawmakers in the 21st National Assembly Are Multiple Homeowners... 20 Own Homes in Gangnam 3 Districts

33 Homeless People... Notable 'Young First-Term' 2030 Generation

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyemin] It has been revealed that 31 first-term lawmakers of the 21st National Assembly own multiple homes, holding two or more houses. Among them, 20 lawmakers owned a 'home' in the three Gangnam districts of Seoul (Gangnam, Seocho, Songpa). There were 33 lawmakers without a home, with relatively many young first-term lawmakers in their 20s and 30s.

◆ The lawmaker with the most houses is 'DJ's third son' Kim Hong-gul... Kim Eun-hye ranks first in building value = According to the 'New Property Registration Details of First-term Lawmakers of the 21st National Assembly' disclosed by the National Assembly Public Officials Ethics Committee on the 28th, 31 out of 149 first-term lawmakers were multiple homeowners (excluding officetels, etc.). This accounts for 20.8% of the total, meaning one in five lawmakers owns multiple homes.

Kim Hong-gul, the third son of former President Kim Dae-jung and a member of the Democratic Party, was the only lawmaker owning three houses. He reported the former President Kim's residence in Donggyo-dong, Seoul (valued at 3.25 billion KRW), Acro River Park in Banpo-dong, Seocho-gu (3.097 billion KRW), and two apartments in the Gangnam 3 districts: Raemian in Irwon-dong, Gangnam-gu (1.236 billion KRW).

There were 30 lawmakers owning two houses. Among them, Kim and independent lawmaker Yang Jeong-suk owned two houses in the Gangnam 3 districts. Yang was expelled from the Democratic Citizens' Party immediately after election due to allegations of name-trust. Yang reported an apartment in Seon-gyeong, Daechi-dong, Gangnam-gu (2.92 billion KRW) under her name and an apartment in Sampung, Seocho-gu (1.735 billion KRW) under her spouse's name. There were 85 lawmakers owning one house.

In terms of total building value including officetels and commercial properties, Kim Eun-hye of the Future United Party had the highest amount. She owned a commercial building worth approximately 15.8 billion KRW in Daechi-dong, Gangnam, under her spouse's name. Including a villa in Nonhyeon-dong, Gangnam (1.0888 billion KRW) and an officetel leasehold in Daechi-dong (700 million KRW), she owned real estate totaling 17.657 billion KRW. Kim explained, "The Daechi-dong building is a commercial building, not a residential or mixed-use property."

◆ 20 lawmakers own a 'home' in the Gangnam 3 districts... 3 lawmakers also own homes in Gangdong-gu, where house prices have soared = The Gangnam 3 districts, known as the most expensive and leading areas in house price increases in Korea, had 20 first-term lawmakers out of 149 owning a 'home'. By party, 12 were from the Democratic Party, 7 from the United Party, and 1 independent.

Five lawmakers owned multiple houses with one in the Gangnam 3 districts and another in other regions. United Party lawmaker Yoo Kyung-jun reported Blue Hill House in Jamwon-dong, Seocho-gu (1.2 billion KRW) and an apartment in Hansol-dong, Sejong City, First Village Complex 7 (437 million KRW). Democratic Party lawmaker Kim Hoe-jae owned Resentz in Jamsil-dong, Songpa-gu (1.395 billion KRW) and Shindong-a Apartment in Seobinggo-dong, Yongsan-gu (2.11 billion KRW).

There were 13 first-term lawmakers owning one house in the Gangnam 3 districts. Democratic Party lawmaker Lee Su-jin (Dongjak-eul, Seoul) reported co-ownership with her spouse of Acro Vista Apartment in Seocho-dong (2.32 billion KRW). Democratic Party lawmaker So Byung-chul owned Asia Athlete Village Apartment in Jamsil-dong (2.208 billion KRW). United Party lawmaker Yoo Sang-beom owned Banpo Summit in Banpo-dong, Seocho-gu (1.893 billion KRW).

Due to the rapid rise in house prices, three lawmakers owned a 'home' in Gangdong-gu, which is grouped with the Gangnam 3 districts as 'Gangnam 4 districts'. United Party lawmaker Seo Il-jun reported ownership of Samik Mansion in Myeongil-dong, Gangdong-gu (524 million KRW) under his name. Democratic Party lawmaker Lee Hae-sik owned Godeok Arteon in Sangil-dong, Gangdong-gu (413.39 million KRW). Another Democratic Party lawmaker, Choi Jong-yoon, owned a row house (480 million KRW) jointly under his name, spouse's, and eldest son's names.

[Image source=Yonhap News]

◆ 33 lawmakers without homes... More than half of first-term lawmakers in their 20s and 30s say "I am a tenant" = Among the 21st first-term lawmakers, 33 did not own a house.

However, some lawmakers without homes owned significant building assets. United Party lawmaker Ahn Byung-gil reported neighborhood living facilities in Haeundae-gu, Busan (3.2 billion KRW) under his name, and two educational and welfare facilities in Haeundae-gu under his spouse's name (3.515 billion KRW), totaling 6.765 billion KRW in building value.

Excluding those who owned commercial properties or houses under their parents' names, there were 26 actual homeowners without houses. By party, 16 were from the Democratic Party, 7 from the United Party, 2 from the Justice Party, and 1 from the Basic Income Party.

Among them, Democratic Party lawmaker Im Oh-kyung held leasehold rights worth 1.32 billion KRW, including Michelangelo Lake Apartment in Seokchon-dong, Songpa-gu, Seoul (800 million KRW) and Cheolsan 13 Complex Jugong Apartment in Gwangmyeong, Gyeonggi-do (520 million KRW). Democratic Party lawmaker Kim Nam-guk also reported leasehold rights totaling 630 million KRW, including Hyo-sung Harrington Place in Sangdo, Dongjak-gu, Seoul (600 million KRW) and Hosu Park Daerim Apartment in Danwon-gu, Ansan, Gyeonggi-do (30 million KRW). United Party lawmaker Kim Woong reported leasehold rights totaling 1.05 billion KRW, including Banpo Acro River Park Apartment in Seocho-gu, Seoul (600 million KRW) and Parkrio Apartment in Songpa-gu, Seoul (450 million KRW).

There were 13 first-term lawmakers whose leasehold rights under their or their spouse's name were below 100 million KRW or who did not own any leasehold rights. These included Democratic Party lawmakers Kim Seung-won, Yoon Young-duk, and Lee Yong-bin; United Party lawmakers Kang Dae-sik and Ji Seong-ho; Justice Party lawmaker Ryu Ho-jung; and Basic Income Party lawmaker Yong Hye-in.

Among the lawmakers without homes, young first-term lawmakers in their 20s and 30s stood out. Democratic Party lawmaker Jang Kyung-tae reported that his father owns a detached house worth 130 million KRW in Suncheon, but he himself does not own a house. Justice Party lawmaker Jang Hye-young also reported that her father owns an apartment worth 327.9 million KRW in Yeoju. Democratic Party lawmaker Jeon Yong-gi only reported a commercial leasehold right worth 10 million KRW in Sangnok-gu, Ansan, Gyeonggi-do.

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