[Public Officials' Asset Disclosure] Many BOK Monetary Policy Committee Members Are Wealthy... Some Exceed 9 Billion Won in Assets

On the 27th, a meeting of the Monetary Policy Committee was held at the Bank of Korea headquarters on Sejong-daero, Jung-gu, Seoul, chaired by Lee Ju-yeol, Governor of the Bank of Korea. On the same day, the Bank of Korea decided to keep the base interest rate at 1.25%. / Photo by Moon Ho-nam (Photo provided by the Bank of Korea)

[Asia Economy Reporter Seo So-jeong] A significant number of members of the Financial Monetary Policy Committee of the Bank of Korea, who determine the country's base interest rate, possess assets exceeding 5 billion KRW, with one member holding assets over 9.2 billion KRW.

According to the high-ranking public officials' asset change report disclosed by the Government Public Officials Ethics Committee on the 31st, Financial Monetary Policy Committee member Lim Ji-won, formerly of JP Morgan, held assets worth 9,247,620,000 KRW, the highest among the committee members.

This is an increase of 809,040,000 KRW compared to last year, with most of the increase coming from deposits. Deposits held by Lim and his spouse rose from 7,098,030,000 KRW last year to 7,869,750,000 KRW this year. Real estate assets, including the Samsung Raemian apartment in Dowon-dong, Yongsan-gu, Seoul (114.99㎡, 1,070,000,000 KRW), totaled 1,035,120,000 KRW.

Former Ambassador to the United States and committee member Cho Yoon-je’s total assets amounted to 6,805,350,000 KRW, an increase of 580,630,000 KRW. Cho and his spouse owned land worth 1,155,060,000 KRW, including a plot in Pyeongchang-dong, Jongno-gu, Seoul (367㎡, 876,760,000 KRW) and forest land in Gomae-dong, Giheung-si, Gyeonggi Province (305㎡, 182,080,000 KRW). The valuation of owned buildings reached 3,048,000,000 KRW, including a detached house in Bukahyeon-dong, Seodaemun-gu, Seoul (701㎡, 2,449,000,000 KRW). Deposits increased from 2,234,830,000 KRW to 2,553,170,000 KRW.

Seo Young-kyung, the first female executive (deputy governor) of the Bank of Korea who rose to the Financial Monetary Policy Committee, held assets worth 5,933,970,000 KRW. Reported assets included buildings valued at 2,297,200,000 KRW, such as the Woosung 4 apartment in Dogok-dong, Gangnam-gu, Seoul (157.74㎡, 2,177,000,000 KRW), and deposits of 2,953,400,000 KRW.

Committee member Joo Sang-young, formerly a professor at Konkuk University, held total assets of approximately 4,502,400,000 KRW, including land such as forest land in Paldal-myeon, Hwaseong-si, Gyeonggi Province (305,020,000 KRW), buildings including an apartment in Bangbae 3rd e-Pyeonhansesang, Bangbae-dong, Seocho-gu, Seoul (202.48㎡, 2,112,000,000 KRW) registered under his spouse’s name, totaling 3,361,000,000 KRW, and deposits of 867,000,000 KRW.

Additionally, Bank of Korea auditor Kang Seung-jun’s assets amounted to 3,091,150,000 KRW, an increase of 561,780,000 KRW from the previous year.

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