[Public Official Asset Disclosure] Byeon Chang-heum, Minister of Land, Infrastructure and Transport, Apartment in Bangbae-dong Up by 63 Million KRW+

Minister of Land, Infrastructure and Transport Byeon Chang-heum is attending the 'Construction Technicians Day Event' held on the 24th at the Imperial Palace Hotel in Gangnam-gu, Seoul. Photo by Jin-Hyung Kang aymsdream@

[Asia Economy Reporter Jo Gang-wook] The total assets of Byeon Chang-heum, Minister of Land, Infrastructure and Transport, increased by 79 million KRW over the past year. This was mainly due to the rise in the publicly announced prices of the apartments owned by Minister Byeon. The publicly announced price of Minister Byeon's apartment in Bangbae-dong, Seocho-gu, Seoul rose by 63 million KRW during this period.

According to the public official asset disclosure data released on the 25th, the publicly announced price of Minister Byeon's Bangbae-dong apartment (129.73㎡) increased from 590 million KRW two years ago to 653 million KRW last year, a rise of 63 million KRW (10.7%).

Deposits including those of his spouse and children increased by 44.5 million KRW due to income growth. On the other hand, bank loans also increased by about 26.8 million KRW. Minister Byeon stated that the loan amount was used for living expenses.

Accordingly, Minister Byeon's total assets increased from 604.865 million KRW to 683.805 million KRW due to the rise in the apartment's publicly announced price and income growth.

First Vice Minister Yoon Seong-won and Second Vice Minister Son Myeong-su both saw their assets increase due to the sale of apartments in Sejong City and the rise in the publicly announced prices of apartments they still own.

First Vice Minister Yoon owned two apartments: one in Nonhyeon-dong, Gangnam-gu (83.72㎡) and another in Saesaem Village, Sejong City (59.97㎡), but sold the Sejong apartment last year for 423 million KRW.

Second Vice Minister Son Myeong-su was a two-home owner with apartments in Ogeum-dong, Songpa-gu (84.98㎡) and Banggok-dong, Sejong City (84.45㎡), but sold the Sejong apartment for 387 million KRW.

As a result, the total assets of the two vice ministers increased by approximately 208.5 million KRW for First Vice Minister Yoon, reaching about 1.023 billion KRW, and by about 561 million KRW for Second Vice Minister Son, reaching about 2.137 billion KRW compared to one year ago.

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