Korean officials disclose assets after local elections, led by Kim Jin-il’s 7.23 billion won

  • Bank of Korea board member Kim Jin-il reported 7.23 billion Korean won in assets after joining the board in May.
  • The disclosure covered 1,259 people, while newly elected officials reported average assets of 1.35 billion won.
  • Bonghwa County Mayor Choi Gi-young reported 34.9 billion won, the highest among small local government heads.

Kim Jin-il, who joined the Bank of Korea Monetary Policy Board in May, reported assets worth 7.23 billion Korean won as of this year, according to asset disclosure data released Tuesday, the 29th, by the Ministry of Personnel Management and Government Ethics Committee. The disclosure covered 1,259 people, including 563 officials elected in the June 3 local elections, 586 officials who retired from elected offices and 110 appointed public officials. Newly elected officials reported average assets of 1.35 billion won, while heads of large and small local governments averaged 1.99 billion won and 1.69 billion won, respectively. Kim declared 4.215 billion won in real estate, 2.23 billion won in deposits and about 100 million won in securities. Bonghwa County Mayor Choi Gi-young reported 34.9 billion won, the highest among small local government heads, while Seoul Metropolitan Council member Yoon Yu-jin reported 15.64 billion won, the highest among newly elected members of large local councils. Korea Expressway Corporation President Yoo Jeong-hoon reported 3.263 billion won.

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