[2026 Asset Disclosure] Cho Hyun Reports Approximately KRW 2.1 Billion in Assets, Down KRW 120 Million from Previous Filing

Private Bond Worth KRW 800 Million Newly Reported, Book Copyright Also Included
First Vice Minister Park Yunju Reports KRW 2.5 Billion, Second Vice Minister Kim Jina Reports KRW 1.33 Billion

Minister of Foreign Affairs Cho Hyun reported approximately 2.1 billion won in assets under the names of himself, his spouse, his mother, and other family members, which is about 120 million won less than the previously reported amount. First Vice Minister of Foreign Affairs Park Yoonjoo and Second Vice Minister Kim Jina reported approximately 2.5 billion won and about 1.33 billion won, respectively.

Minister of Foreign Affairs Cho Hyun is responding to lawmakers' questions at the Foreign Affairs and Unification Committee plenary session held at the National Assembly on the 17th. Photo by Yonhap News

According to the "2026 High-ranking Public Officials’ Asset Disclosure" released by the Government Public Officials Ethics Committee on March 26, the total assets reported under Minister Cho's family, including himself, amounted to 2,080,540,000 won. This is a decrease of about 118,520,000 won compared to the previous disclosure of 2,199,070,000 won.

Specifically, Minister Cho reported a combined value of 1,396,060,000 won for an apartment building in Ichon-dong, Yongsan-gu, Seoul, which is jointly owned with his spouse—each holding a share valued at 698,030,000 won. In the previous disclosure in January, Minister Cho had reported a jeonse lease right for an apartment in Ichon-dong, Yongsan-gu, Seoul, valued at 1.1 billion won, but this was not included in the current report. An apartment in Ganseon Maeul, Juyeop-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, owned by his mother, valued at 1,770,000,000 won, was also reported.

Assets reported under his spouse’s name included a forest land in Yeonsu-dong, Yeonsu-gu, Incheon, valued at a total of 15,437,000 won. He also reported ownership of a 2019 Grandeur vehicle, valued at 15,570,000 won.

The total amount of deposits held by Minister Cho, his spouse, and his mother was about 366,090,000 won, which is approximately 5.9 times higher than the previously reported amount of 61,430,000 won.

In addition, Minister Cho newly reported a private bond worth 800,000,000 won. On the other hand, securities worth 155,120,000 won held by his spouse were omitted from this disclosure. The total liabilities under the names of Minister Cho and his spouse decreased from 721,550,000 won to 689,120,000 won. Notably, Minister Cho also reported the copyright for his own book "Report on India by a Korean Ambassador."

First Vice Minister Park Yoonjoo reported assets totaling 2,479,450,000 won, an increase of about 42,890,000 won from the previous disclosure. Vice Minister Park reported an apartment in Gaepo-dong, Gangnam-gu, Seoul, under his spouse’s name, valued at 2,376,000,000 won, and a jeonse lease right for an apartment in Yeomni-dong, Mapo-gu, valued at 167,000,000 won.

Total deposits under the names of himself, his spouse, his eldest son, and his eldest daughter amounted to 601,470,000 won. Securities under the names of his spouse and eldest son, totaling 14,320,000 won, were also reported. Total liabilities under the names of himself and his spouse were reported at 2,182,350,000 won.

Second Vice Minister Kim Jina reported assets totaling 1,330,720,000 won, an increase of 97,300,000 won from the previous disclosure. Specifically, a single-family house in Jeongbalsan-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, jointly owned with his spouse, was reported at 475,000,000 won for each, totaling 950,000,000 won.

Vice Minister Kim also reported a building in Jung-gu, Busan, under his father's name, valued at 171,310,000 won, and a jeonse lease right for an apartment in Ilsanseo-gu, Goyang-si, Gyeonggi-do, jointly owned by his parents, valued at 150,000,000 won. Deposits under the names of himself, his spouse, and his parents totaled 363,390,000 won. Securities under his spouse’s name amounting to 20,890,000 won were also reported, as well as liabilities totaling 324,880,000 won under the names of his spouse and father. Additionally, Vice Minister Kim reported virtual assets valued at 8,000 won under his spouse’s name.

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