FSC Chairman Lee Eokwon: "I Will Live My Entire Life With One Household and One Home" [2025 National Audit]

Unable to Reside Due to Overseas Assignments
Began Living in the Apartment After Reconstruction Completion

Lee Eokwon, Chairman of the Financial Services Commission, is speaking at the comprehensive audit of the Financial Services Commission and the Financial Supervisory Service held at the National Assembly in Yeouido, Seoul on the 27th. 2025.10.27 Photo by Kim Hyunmin

Lee Eokwon, Chairman of the Financial Services Commission, commented on the controversy over "gap investment" on the 27th, stating, "I have lived my entire life with one household and one home, and I intend to continue doing so."

During the National Assembly Political Affairs Committee's audit on this afternoon, Assemblywoman Kim Hyunjung of the Democratic Party of Korea raised concerns about gap investment in a Gangnam apartment. In response, Chairman Lee explained, "Because I was posted overseas, there were periods when I could not reside in Korea." He added, "However, I am aware that these questions are being directed not at Lee Eokwon as an individual, but at Lee Eokwon as a public official, and I take this very seriously."

Meanwhile, just before being dispatched to the Inter-American Investment Corporation under the Inter-American Development Bank in 2005, Chairman Lee purchased an apartment in Gaepo Jugong Complex 3 with a jeonse lease for 350 million won. Before being posted to the Permanent Mission in Geneva in 2013, he sold it for 545 million won, realizing a pre-tax profit of approximately 195 million won.

Subsequently, he took out a loan of 350 million won with a jeonse lease and purchased a unit in Gaepo Jugong Complex 1 for 850 million won. Due to his overseas assignments, Chairman Lee did not reside there until last year, when reconstruction was completed and he began living in the apartment. The current market value is reported to be around 4 billion won.

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