[Public Officials' Asset Disclosure] Fair Trade Commission, '0' High-Ranking Officials Owning Land

Jongwook Cho, Chairman of the Fair Trade Commission. (File photo)

[Sejong=Asia Economy Reporter Joo Sang-don] Among the public officials under the Fair Trade Commission subject to this year's regular asset disclosure, there were no high-ranking officials owning land.

According to the "2021 Regular Asset Changes of High-ranking Public Officials" disclosed by the Government Ethics Committee in the official gazette on the 25th, Chairman Cho Sung-wook's total assets amount to 3,009,100,000 KRW. Due to changes in asset values, it increased by about 3,660,000 KRW compared to a year ago.

The largest portion of Chairman Cho's total assets is deposits (1,653,170,000 KRW). This decreased by 164,950,000 KRW from 1,901,130,000 KRW the previous year. This is due to the payment of the interim installment for the Lotte Castle Apartment located in Jeonnong-dong, Dongdaemun-gu, Seoul, which he purchased.

Chairman Cho owns real estate worth 1,263,200,000 KRW, including the pre-sale rights for the Jeonnong-dong apartment. This includes commercial properties in Songpa-gu, Seoul, a jeonse leasehold on an apartment in Bongcheon-dong, Gwanak-gu, and neighborhood living facilities in Pyeongchon-dong, Anyang, Gyeonggi Province. He does not own any land.

Vice Chairman Kim Jae-shin of the Fair Trade Commission reported assets worth 951,180,000 KRW. This includes an apartment in Sejong worth approximately 343,000,000 KRW under his name and a jeonse leasehold on an apartment in Majang-dong, Seoul, under his spouse's name (300,000,000 KRW).

Meanwhile, Kim Hyung-bae, newly appointed President of the Korea Fair Trade Mediation Agency, reported assets of 501,220,000 KRW upon his inauguration.

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