Senior Secretary Hong Ikpyo Reports 6 Billion Won in Assets Including 10,000 Shares of Unlisted Stock

Hong Ikpyo, Senior Presidential Secretary for Political Affairs, reported assets totaling nearly 6 billion won, including 10,000 unlisted shares registered under his spouse's name.

On April 24, the Government Public Officials Ethics Committee published a special asset disclosure in the official gazette. This disclosure covers 92 high-ranking public officials whose status changed due to promotion or retirement between January 2 and February 1 of this year.

Hong Ikpyo, Senior Secretary for Political Affairs, is holding a briefing on the establishment of the Blue House Emergency Economic Situation Room at the Blue House Press Center on the 25th. 2026.3.25 Photo by Yonhap News

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Hong Ikpyo's declared assets amounted to 6,078.34 million won. More than half of these assets consisted of 10,000 shares of the unlisted company Yein Architects Institute under his spouse's name, valued at 3,322.51 million won. Yein Architects Institute is an interior design firm, and it is known that Hong has held these shares since his tenure as a lawmaker.

Additionally, Hong and his spouse jointly own an apartment in Seongdong-gu, Seoul, valued at 958 million won, while his mother owns an apartment in Hongseong-gun, South Chungcheong Province, valued at 195 million won. Other reported assets include a jeonse (rental deposit) right for an apartment in Seocho-gu, Seoul, held jointly with his spouse and valued at 1.4 billion won; a jeonse right for an apartment in Anyang, Gyeonggi Province, registered under his name and valued at 367.5 million won; and a jeonse right for an officetel in Seocho-gu, Seoul, valued at 10 million won.

His total cash deposits amounted to 752.93 million won, including 271.59 million won under his own name, while his total liabilities came to 1.083 billion won.

Lee Dongjin, Secretary for Economic Growth, reported assets of 1.00105 billion won. These included a plot of woodland in Jeju City valued at 103.27 million won, a jeonse right for an apartment in Gangnam-gu, Seoul, owned by his spouse and valued at 178.56 million won, and a detached house in Jeju owned by his father and valued at 50 million won. Lee also reported 458.58 million won in cash deposits and 287.28 million won in securities assets.

Lee Hyun, Secretary for Oceans and Fisheries, reported assets totaling 949.36 million won. These included a jointly owned jeonse right for an apartment in Busan valued at 340 million won, and 589.97 million won in cash deposits under his and his family's names.

Woo Sangho, former Senior Secretary for Political Affairs and a candidate for Governor of Gangwon Province, reported assets of 2.14809 billion won, an increase of 425.41 million won from the previous report of 1.72267 billion won. Notably, his cash deposits increased significantly from 636.32 million won to 1.06224 billion won. Woo explained that this increase was due to higher salary income for himself and his immediate family, accumulation of insurance premiums, and deposits from congratulatory gifts received at his eldest son's wedding.

Kim Byungwook, former Secretary for Political Affairs, saw his assets decrease from 8.16699 billion won to 7.55831 billion won. His cash deposits dropped by 683.92 million won, and his bond assets decreased by about 200 million won.

Lee Sunho, former Secretary for Local Government Development, reported a slight decrease in assets from 927.93 million won to 869.73 million won. He stated that the reduction was due to insurance cancellations and withdrawal of deposits.

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