[Public Official Asset Disclosure] Cho Hyun-dong, 1st Deputy Foreign Minister, 3.3 Billion KRW; Lee Do-hoon, 2nd Deputy Foreign Minister, 5.9 Billion KRW

Public Officials' Asset Disclosure, Senior Officials at the Ministry of Foreign Affairs
Main Factor for Asset Increase: Rise in Real Estate Prices

[Asia Economy Reporter Yoo In-ho] Cho Hyun-dong, the First Vice Minister of Foreign Affairs, reported assets worth 3,399,520,000 KRW. Among these, real estate included a jointly owned apartment with his spouse in Ichon-dong, Yongsan-gu, Seoul (124.02㎡) valued at 2,437,000,000 KRW, and an apartment in Yeouido under his spouse's name worth 868,000,000 KRW, totaling 3,305,000,000 KRW.

Cho Hyun-dong, First Vice Minister of Foreign Affairs, is speaking at the joint press conference of the South Korea-U.S.-Japan deputy foreign ministers held on the 8th at the Ministry of Foreign Affairs building in Jongno-gu, Seoul. Photo by Kim Hyun-min kimhyun81@

According to the May appointment high-ranking public officials' asset registration announced by the Government Ethics Committee on the 26th, Lee Do-hoon, the Second Vice Minister, reported a total of 5,987,400,000 KRW. Among these, real estate included an apartment in Jamwon-dong, Seocho-gu (133.37㎡) under his name valued at 2,566,000,000 KRW, and land under his name as well as an apartment and a mixed-use building in Busan under his father's name, totaling 4,395,840,000 KRW.

Deposits including those of himself, his spouse, parents, and eldest son amounted to 1,579,050,000 KRW, and jewelry such as necklaces and rings owned by his spouse worth 800,000 KRW were also included in the reported list.

[Image source=Yonhap News]

Meanwhile, it was found that a significant number of retired public officials saw an increase in their assets. Former Foreign Minister Chung Eui-yong reported 2,411,580,000 KRW, nearly 200,000,000 KRW more than at the end of last year.

Former Ambassador to the U.S. Lee Soo-hyuk reported 3,280,860,000 KRW, showing an increase of 1,303,600,000 KRW compared to the end of last year. The main reason for the asset increase is interpreted as the apartment in Dogok-dong, Gangnam-gu (122.81㎡) rising in value from 1,300,000,000 KRW to 2,338,000,000 KRW, an increase of over 1,000,000,000 KRW.

The assets of former Second Vice Minister of Foreign Affairs Choi Jong-moon increased by approximately 244,000,000 KRW from the previously reported amount, totaling 4,487,280,000 KRW.

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