Lee Chanjin, Who Owns Two Gangnam Apartments, Says "One Will Be Sold Soon" [2025 National Audit]

National Assembly Audit by Political Affairs Committee
Opposition Lawmakers Criticize FSS Governor Lee Chanjin for Owning Two Gangnam Apartments

Lee Chan-jin, Governor of the Financial Supervisory Service, is reporting on business affairs at the 2025 National Assembly Political Affairs Committee audit held on the 21st. Photo by Yonhap News

Lee Chan-jin, Governor of the Financial Supervisory Service, announced his intention to sell one of the two apartments he owns in the Gangnam area within the next month or two.

Governor Lee made this statement in response to a question from Kang Min-guk, a member of the People Power Party, during the National Assembly Political Affairs Committee audit held in Yeouido, Seoul, on the 21st. Kang asked, "Would it be convincing in the market for the head of a financial authority who owns multiple homes to call for a reform of the concentration of funds in real estate?"

Governor Lee is known to own two Daelim Apartments in Umyeon-dong, Seocho-gu, Seoul. He purchased one in 2002 and acquired another unit in the same apartment complex in December 2019.

Kim Sang-hoon, another member of the People Power Party, commented, "Even during your time as an activist with the People's Solidarity for Participatory Democracy, you argued that multi-home owners should be excluded from high-ranking public office appointments. Yet, you currently own two apartments in a high-priced area, which seems inconsistent with your previous position. You also pledged upon taking office to break the vicious cycle of rising housing prices fueled by real estate loans. I must express my regret."

Governor Lee responded, "I will resolve any issues that do not meet public expectations within the next month or two," and added, "I apologize for causing concern."

Opposition lawmakers also criticized Governor Lee for his substantial assets. During his tenure as the chair of the Public Interest Litigation Committee at Lawyers for a Democratic Society, he reportedly received approximately 40 billion won in legal fees for representing farmers in a state compensation lawsuit over the Guro farmland expropriation case, in which they won.

When Kim asked where the 40 billion won was kept, Governor Lee replied, "Most of it is in financial institutions."

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