Average Assets of 306 Council Members from 31 Cities and Counties in Gyeonggi-do Total 1.12519 Billion KRW

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The average wealth per person of the 306 newly elected members of the 31 city and county councils in Gyeonggi-do from the June 1 local elections was calculated to be 1,125.19 million KRW.

The Gyeonggi Provincial Public Officials Ethics Committee disclosed the asset registration details of 306 newly elected public officials from the June 1 local elections on the 30th through the Gyeonggi Province Gazette, in accordance with Article 10 of the Public Officials Ethics Act regarding the disclosure of registered assets.

The disclosed details are based on the asset statements reported to the Gyeonggi Provincial Public Officials Ethics Committee by city and county council members as of July 1, including real estate, deposits, stocks, etc., owned by themselves, their spouses, parents, and children.

According to the Public Officials Ethics Act, council members re-elected to the same position are excluded from the initial asset reporting requirement.

Reviewing the disclosed details, among the 306 new council members, 109 (35.6%) possess assets exceeding 1 billion KRW, 68 (22.2%) have assets between 500 million KRW and 1 billion KRW, and 129 (42.2%) have assets below 500 million KRW.

The Gyeonggi Provincial Public Officials Ethics Committee plans to review the registered asset details and require corrections for any misreported parts.

If the misreported amount exceeds 300 million KRW, or if non-disclosable assets are misreported by more than 100 million KRW, a request for a fine will be submitted to the competent court.

Meanwhile, the 141 individuals subject to disclosure by the Government Public Officials Ethics Committee, including the governor, provincial assembly members, mayors, and county heads, can be checked in the Government Gazette.

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