South Korean officials disclose assets after local elections, led by Kim Jin-il

  • Asset disclosures covered 1,259 South Korean elected, retired and appointed officials after the June 3 local elections.
  • Bank of Korea board member Kim Jin-il reported 7.23 billion won, while newly elected officials averaged 1.35 billion won.
  • Bonghwa County Mayor Choi Gi-young reported 34.9 billion won, the highest among small local-government heads.

South Korean asset disclosure data covered 1,259 officials after the June 3 local elections, including 563 newly elected officials, 586 who retired from elected offices and 110 appointed public officials. Newly elected officials reported average assets of 1.35 billion won (US$996,500). Bank of Korea Monetary Policy Board member Kim Jin-il reported 7.23 billion won, including 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 the highest assets among small local-government heads at 34.9 billion won, while Seoul Metropolitan Council member Yoon Yu-jin reported 15.64 billion won, the highest among newly elected members of large local councils.

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