Average Reported Assets of June 3 National Assembly By-election Candidates: 2.08 Billion Won

Kim Yongnam and Kim Youngbin of the Democratic Party Lead as "Billionaire Candidates"

As of June 3, 2026, the average reported assets of the 47 registered candidates for the National Assembly by-elections, which will be held concurrently with the 9th simultaneous nationwide local elections, amounted to 2,082,960,000 won.

According to the National Election Commission as of 8 p.m. on May 15, the final day of candidate registration, Kim Yongnam of the Democratic Party of Korea for Pyeongtaek-eul, Gyeonggi Province, and Kim Youngbin of the Democratic Party of Korea for Gongju–Buyeo–Cheongyang, South Chungcheong Province, ranked first and second, respectively, in terms of reported assets.

On the 13th, one day before the registration deadline for candidates in the 9th nationwide local elections, officials from the Seoul Metropolitan Election Commission in Jongno-gu, Seoul, inspected the conference room set up for registration. Photo by Yonhap News

Candidate Kim Yongnam reported 12,770,490,000 won, while candidate Kim Youngbin declared 10,458,160,000 won. These two were the only candidates to report assets exceeding 10 billion won. Excluding them, the average reported assets of the remaining candidates dropped to 1,659,340,000 won.

Among the top 10 candidates by reported assets, seven are running in Pyeongtaek-eul, Gyeonggi Province—a key battleground in this by-election—and Buk-gap, Busan.

In Pyeongtaek-eul, Gyeonggi Province, in addition to Kim Yongnam, Cho Kuk of the Cho Kuk Innovation Party reported 5,667,670,000 won, ranking fourth, and Hwang Kyoan of the Liberty and Innovation Party reported 5,037,770,000 won, ranking fifth.

In Buk-gap, Busan, independent candidate Han Donghoon reported 4,577,010,000 won, ranking sixth. Ha Jungwoo of the Democratic Party of Korea reported 4,248,800,000 won, ranking seventh, and independent candidate Kim Seonggeun reported 3,774,160,000 won, ranking eighth. Park Minsik of the People Power Party reported 3,592,340,000 won, ranking ninth.

Additionally, Lee Jinsook of the People Power Party, running in Dalseong-gun, Daegu, ranked third with 8,215,390,000 won in reported assets. Lee Kwangjae of the Democratic Party of Korea for Hanam-gap, Gyeonggi Province, reported 2,521,940,000 won, ranking tenth.

By party, the average reported assets were 2,876,480,000 won for the 14 Democratic Party of Korea candidates and 1,795,480,000 won for the 13 People Power Party candidates.

The candidate with the lowest reported assets was Shin Ji-hye of the Basic Income Party, running in Gwangsan-eul, Gwangju, who reported 31,000,000 won.

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