Newly elected local officials report average assets of 1.35 billion won

  • Newly elected officials disclosed their personal assets through the Government Ethics Committee.
  • 1.35 billion won was the average declared wealth per newly elected official.
  • The disclosure covered 1,259 elected, retired and appointed public officials.

Newly elected officials from June’s local elections reported average assets of 1.35 billion won ($996,500) per person, according to data released Tuesday by the Government Ethics Committee. The disclosure covered 1,259 individuals: 563 newly elected local governors, mayors, councilors and education chiefs; 586 people who retired from elected offices; and 110 appointed public officials. Heads of large local governments reported average assets of 1.99 billion won, while small local government heads averaged 1.69 billion won. Bonghwa County Mayor Choi Gi-young reported the highest assets among small local government heads at 34.9 billion won. Yoon Yu-jin, a member of the Seoul Metropolitan Council, had the largest declared fortune among newly elected members of large local councils, at 15.64 billion won.

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Newly elected local officials report average assets of 1.35 billion won - CoinPost Terminal