[Public Officials' Asset Disclosure] 8 out of 10 National Assembly Members Increased Their Real Estate Assets

228 Increase out of 298, Average Up by 260 Million
Rep. Han Mu-kyung's Assets Rise 2.6 Billion in One Year
Highest Real Estate Asset Holder is Rep. Park Jung with 40.4 Billion

[Asia Economy Reporters Junyi Park and Hyunji Kwon] It has been revealed that over the past year, 8 out of 10 members of the National Assembly saw an increase in their real estate assets. Not only did some increase their assets by more than 2.6 billion KRW within a year, but there were also lawmakers whose total real estate assets exceeded 40.4 billion KRW.

According to an analysis of the property changes of National Assembly public officials disclosed on the 31st by the National Assembly Public Officials Ethics Committee, 228 out of 289 lawmakers subject to reporting declared an increase in assets. This means that the value of land and buildings owned by 79% of all lawmakers rose. The average increase was approximately 260.83 million KRW. On the other hand, 19 lawmakers reported no change in their real estate assets, and 42 lawmakers saw a decrease.

The largest increases in real estate assets were recorded by lawmakers Han Mu-gyeong (2.66395 billion KRW), Park Deok-heum (2.21503 billion KRW), and Park Jeong (2.15335 billion KRW), in that order.

Among them, Han Mu-gyeong of the People Power Party, whose real estate assets increased the most, saw an increase of about 2.6 billion KRW solely in building assets. The price of a building owned by her in Seocho-gu, Seoul, rose by approximately 251.76 million KRW due to an increase in the publicly announced price, and the deposit for an apartment lease in Yongsan-gu increased by about 2 billion KRW, contributing to the asset growth. A representative from Han Mu-gyeong’s office explained, "For one apartment with a leasehold right, the deposit increased, and the other apartments and neighborhood living facilities saw an increase in publicly announced land prices." Park Deok-heum of the same party saw the price of land he owns rise by about 1.7 billion KRW due to an increase in publicly announced land prices. Additionally, Lee Heun-seung of the People Power Party increased his assets by inheriting one piece of land and one apartment to his children.

On the other hand, Kang Seon-woo of the Democratic Party saw a total decrease of 1.47385 billion KRW in real estate assets, due to the sale of a complex building worth about 1.5 billion KRW. Following that, Kim Hoe-jae of the Democratic Party saw his assets decrease by 1.37810 billion KRW after selling an apartment worth about 1.4 billion KRW. Lawmakers Lee Su-jin (Seoul Dongjak-eul, 1.313 billion KRW), Lim Jong-seong (1.15293 billion KRW), Kang Ki-yoon (1.12465 billion KRW), Park Sang-hyeok (890.6 million KRW), and Han Ki-ho (815.23 million KRW) also saw decreases in their real estate assets, in that order.

In terms of total real estate assets, Park Jeong of the Democratic Party held the highest amount at 40.42841 billion KRW. The declared value of a building he owns in Mapo-gu, Seoul, was 37.8 billion KRW. This building’s value increased by about 2.1 billion KRW over the year. Park Deok-heum’s real estate assets were the second highest at 30.48814 billion KRW, with land assets accounting for about 23.6 billion KRW and building assets about 6.8 billion KRW.

Following them were Baek Jong-heon (18.56673 billion KRW), Han Mu-gyeong (17.66067 billion KRW), Kim Eun-hye (17.05666 billion KRW), Kim Hong-geol (7.98745 billion KRW), Ahn Byung-gil (7.93879 billion KRW), and Kim Ki-hyun (7.78652 billion KRW). Notably, Kim Eun-hye of the People Power Party sold land owned by her spouse in Goyang-si, Gyeonggi Province, resulting in a decrease of about 100 million KRW over the year.

Meanwhile, among the 289 lawmakers, 48 were found to be multi-homeowners owning two or more houses. This means that one in six lawmakers is a multi-homeowner. Among them, 9 were from the Democratic Party and 35 from the People Power Party. It was also confirmed that three lawmakers owned three houses.

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