[National Assembly Members' Asset Disclosure] Ruling Party Leadership's Average Assets 2.7 Billion KRW... Lee Nak-yeon 3 Billion KRW

[Asia Economy Reporter Oh Ju-yeon] The average assets of the ruling party leadership amount to 2.7 billion KRW, with Hong Ik-pyo, the Policy Committee Chair of the Democratic Party of Korea, holding the highest assets.

According to the regular asset change declaration list disclosed by the National Assembly Public Officials Ethics Committee on the 25th, the average assets of four Democratic Party of Korea leaders?Lee Nak-yeon, Standing Election Countermeasures Committee Chair; Kim Tae-nyeon, Acting Party Leader; Park Kwang-on, Secretary-General; and Hong Ik-pyo, Policy Committee Chair?were 2.7 billion KRW. Lee Nak-yeon declared 3 billion KRW, Kim Tae-nyeon 887 million KRW, Park Kwang-on 2.362 billion KRW, and Hong Ik-pyo 4.7 billion KRW.

Lee Nak-yeon, Standing Election Committee Chairman of the Democratic Party of Korea, is delivering opening remarks at the Central Election Committee meeting held at the National Assembly on the 24th. Photo by Yoon Dong-joo doso7@

Chairman Lee’s assets increased by approximately 149 million KRW from 2.86 billion KRW last year. He owns an apartment in 'Gyeonghuigung Morning' Complex 3, Jongno-gu, Seoul, with an exclusive area of 174.55㎡ valued at about 1.7 billion KRW. Additionally, a leasehold right of 900 million KRW is set on Complex 2 of the same apartment. The total apartment assets amount to 2.65 billion KRW. There was no change in the previous price.

Last year, Chairman Lee sold his apartment in Jamwon-dong and rented a lease in Gyeonghuigung Ja-i, running for the April general election while being homeless. However, he later purchased the apartment with a leasehold together with his spouse. The rental deposit of 1.2 billion KRW for this apartment was recorded as a debt. The increase in Chairman Lee’s assets came from deposits, which rose from 670 million KRW to about 790 million KRW.

Acting Party Leader Kim reported owning a Samboo apartment in Sujeong-gu, Seongnam-si, Gyeonggi-do, worth about 500 million KRW together with his spouse, and deposits of about 400 million KRW.

Secretary-General Park, who owns a Hanshin apartment in Dogok-dong, Gangnam, saw the apartment price rise from 864 million KRW to 1.253 billion KRW, an increase of 389 million KRW. His existing lease contract of 620 million KRW expired, and he moved to a lease worth 800 million KRW, increasing his total building assets from 1.5 billion KRW to about 2 billion KRW, a rise of approximately 500 million KRW. His total assets increased from 1.851 billion KRW to 2.362 billion KRW, an increase of about 511 million KRW.

Among the ruling party leadership, the person whose assets increased the most was Policy Committee Chair Hong. The increase in Chair Hong’s assets is due to changes in the declaration of unlisted stocks following legal amendments. Chair Hong and his spouse own an apartment in Haengdang-dong, Seongdong-gu, Haengdang-dong Hanjin Apartment, valued at about 600 million KRW, which rose by approximately 82 million KRW compared to before. He also has deposits in the 500 million KRW range, and political donation contributions increased by about 46 million KRW to reach 190 million KRW. The value of 10,000 unlisted shares owned by his spouse was declared at 2.832 billion KRW. Including this, the total assets amount to 4.7 billion KRW, an increase of about 3.08 billion KRW from the previous 1.62 billion KRW.

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