[2026 Asset Disclosure] Senior Officials at the Board of Audit and Inspection See Overall Asset Growth... Lee Namgu Records Largest Increase

Four of Five Disclosed Officials See Asset Growth,
Only Jeong Sangwoo's Decreases by KRW 44.21 Million

Driven by Deposit Gains, Stock Price Increases, and Official Appraisal Adjustments...
Yoo Byungho: KRW 2.9 Billion, Baek Jaemyung: KRW 2.7

The assets of high-ranking officials at the Board of Audit and Inspection have generally increased. Due to factors such as a rise in deposits, higher stock prices, and the reflection of increased official housing prices, the assets of four out of five officials subject to public disclosure at the Board of Audit and Inspection grew, while only Secretary General Jeong Sangwoo reported a decrease. Yoo Byungho, Audit Committee Member, declared the highest amount of assets, while Lee Namgu, Audit Committee Member, saw the largest increase.

Yonhap News

According to the 2026 annual asset change report released in the government gazette by the Government Public Officials Ethics Committee on March 26, among the five high-ranking officials at the Board of Audit and Inspection subject to disclosure, Yoo Byungho, Audit Committee Member, reported the highest assets at 2,924,330,000 won. He was followed by Lee Namgu, Audit Committee Member, with 2,858,090,000 won; Baek Jaemyung, Audit Committee Member, with 2,795,730,000 won; Secretary General Jeong Sangwoo, with 1,582,740,000 won; and Kim Youngshin, Audit Committee Member, with 1,246,300,000 won.

Lee Namgu, Audit Committee Member, recorded the largest increase in assets. His assets grew by 308,610,000 won over the past year. Baek Jaemyung, Audit Committee Member, saw an increase of 231,580,000 won, followed by Yoo Byungho, Audit Committee Member, with 183,040,000 won, and Kim Youngshin, Audit Committee Member, with 118,480,000 won. In contrast, Secretary General Jeong Sangwoo’s assets decreased by 44,200,000 won, making him the only official among those disclosed by the Board of Audit and Inspection whose total assets declined.

Yoo Byungho, Audit Committee Member, who reported the highest assets, declared 502,350,000 won in land holdings in Hapcheon and Yangyang, an apartment in Gumi-dong, Bundang, and neighborhood commercial facilities in Yangyang, among others. He also reported 860,540,000 won in buildings, 1,013,070,000 won in deposits, and 600,270,000 won in securities. Although a new 100,000,000 won financial liability was registered under his eldest son’s name, the increase in deposits and securities drove up the total value of his assets.

Lee Namgu, Audit Committee Member, reported assets centered around his and his spouse’s shares in Dong-A Apartment in Jamwon-dong, Seocho-gu, Seoul, and a commercial property in Changcheon-dong, Seodaemun-gu. The shares in Dong-A Apartment were valued at 946,880,000 won each for himself and his spouse, and the total deposits amounted to 541,600,000 won. The increase in assets was attributed to the return of real estate rental deposits, an increase in deposits from salary income, and new stock investments.

Baek Jaemyung, Audit Committee Member, declared joint ownership with his spouse in Hyundai Prime Apartment in Guui-dong, Gwangjin-gu, and an apartment in Haeundae Ja-i, Busan, among others, with buildings totaling 2,138,000,000 won and deposits of 696,770,000 won. His total assets increased to 2,795,730,000 won. Kim Youngshin, Audit Committee Member, reported a leasehold right in Anam-dong, Seongbuk-gu, valued at 690,000,000 won, and deposits totaling 549,560,000 won, for a total of 1,246,300,000 won.

Secretary General Jeong Sangwoo reported joint ownership with his spouse of an apartment in Suseo-dong, Gangnam-gu, and a private bond worth 250,000,000 won, with total assets amounting to 1,582,740,000 won. However, his financial liabilities increased to 239,390,000 won, resulting in a 44,200,000 won decrease in his overall assets compared to the previous year.

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