Kim Young-chun Discloses Real Estate Assets "One Apartment in Gwangjang-dong... Candidate Park Hyung-jun Should Also Reveal"

Kim Young-chun, the Democratic Party of Korea candidate for Busan mayor, attended the nomination certificate awarding ceremony held at the National Assembly on the 9th and received the nomination certificate from Representative Lee Nak-yeon. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Park Cheol-eung] Kim Young-chun, the Democratic Party of Korea candidate for Busan mayor, has disclosed his real estate holdings.

On the 23rd, Kim said on Facebook, "On the 18th, I proposed to Park Hyung-joon, the People Power Party candidate, to disclose all real estate data from the past 20 years by 11 a.m. today for the verification of Busan citizens. Park has not responded. However, as promised, I am disclosing it to you."

Kim stated that he owns one apartment in Gwangjang-dong, Seoul. He said, "In 1999, when I was active in politics in Seoul, my wife and I acquired this house for the first and last time. Since my wife, who is from Seoul, is attached to the house, we have not sold it and have been living in Busan on a lease for 10 years, but we are currently discussing it again."

He added, "Until 2003, there was a tax payment record for a shared portion of land in Buam-dong. It was inherited from my late father and was jointly owned by my mother and three brothers. After renouncing the inheritance share, there has been no taxation since 2004."

Kim's mother currently owns no real estate, and although she had a share of land in Buam-dong jointly owned with her three sons, there has been no taxation since 2018. His wife and son also do not own any real estate.

Kim emphasized, "If I am innocent, there is no reason not to disclose. I once again urge candidate Park Hyung-joon to disclose all his real estate data as well."

He also pledged, "If I become the mayor of Busan, I will establish fundamental institutional measures to prevent Busan city officials and public institution employees from engaging in real estate speculation through pre-transaction reporting and approval systems. Anyone involved in real estate speculation will be immediately and strictly punished under a zero-tolerance policy."

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