[National Assembly Members' Asset Disclosure] Average 2.36 Billion KRW... 247 Members Increased

Source: National Assembly Public Officials Ethics Committee

[Asia Economy Reporter Park Cheol-eung] The average wealth of members of the National Assembly was found to be approximately 2.36 billion KRW. This calculation excludes independent lawmakers Park Deok-heum and Jeon Bong-min, whose assets exceed 50 billion KRW. These two lawmakers left the People Power Party last year amid suspicions of conflicts of interest and asset accumulation.

The National Assembly Public Officials Ethics Committee disclosed the regular asset change reports of 298 lawmakers on the 25th through the National Assembly Gazette.

The average declared assets of 296 lawmakers, excluding Park and Jeon, is 2.36136 billion KRW. Among them, 43 lawmakers (14.4%) declared assets under 500 million KRW, 66 (22.1%) between 500 million and 1 billion KRW, 89 (29.9%) between 1 billion and 2 billion KRW, 76 (25.5%) between 2 billion and 5 billion KRW, and 24 (8.1%) over 5 billion KRW.

The number of lawmakers whose assets increased reached 247 (82.9%). Among them, 33 (11.1%) increased by less than 50 million KRW, 46 (15.4%) by 50 million to 100 million KRW, 141 (47.3%) by 100 million to 500 million KRW, 18 (6.0%) by 500 million to 1 billion KRW, and 9 (3.0%) by over 1 billion KRW. Fifty-one lawmakers (17.1%) saw a decrease in their assets.

The comparison was made between the declared assets as of the end of 2019 for lawmakers re-elected in the 21st National Assembly following the 20th, and as of the end of May last year for newly registered lawmakers of the 21st National Assembly.

For senior National Assembly officials of grade 1 or higher (37 people), excluding lawmakers, the average declared assets amount to 1.2165 billion KRW.

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