Ki Young Choi, Bonghwa County Governor, Tops List of June 3 Local Election Winners With 3.49 Billion Won in Assets

Assets of 1,259 Public Officials Disclosed by the Government Public Officials Ethics Committee

The average assets of 563 public officials elected in the local elections held on June 3 amounted to 1.3542 billion won.

On the 29th, the Government Public Officials Ethics Committee disclosed in the official gazette the asset details of 1,259 public officials, including newly elected local government heads, city and provincial superintendents of education, and members of metropolitan councils.

The disclosure covers 563 newly elected officials, 586 retired elected officials, and 110 non-elected officials. Those who retained their positions while being re-elected in the local elections are excluded. The assets of basic council members are released separately by the ethics committee of their respective city or province.

Ki Young Choi, Governor of Bonghwa County Yonhap News Agency

The average assets held by the 563 newly elected officials reached 1.3542 billion won. The 13 metropolitan government heads owned an average of 1.99339 billion won in assets, while nine superintendents of education declared 2.10052 billion won on average. The 98 basic government heads and 443 metropolitan council members reported average assets of 1.69738 billion won and 1.24434 billion won, respectively.

Among them, Ki Young Choi, Governor of Bonghwa County in North Gyeongsang Province, declared a total of about 34.92 billion won in assets, the highest amount recorded. The majority of these assets, amounting to 32.1 billion won, consisted of stocks held under his and his family’s names. He also reported buildings worth about 3.5 billion won, including an apartment in Bonghwa County under his name and a jeonse (long-term deposit lease) right for a Tower Palace unit in Dogok-dong, Seoul under his spouse’s name, as well as 1.8 billion won in deposits.

Among the metropolitan government heads, Sang Wook Kim, Mayor of Ulsan, had the highest amount at about 5.02 billion won. Hong Chu, Mayor of Daegu, followed with 4.28 billion won, and Choo Mi Ae, Governor of Gyeonggi Province, with 3.69 billion won.

Among superintendents of education, Soongi Kwon, Superintendent of Education in South Gyeongsang Province, declared the largest assets at 10.36 billion won. Among metropolitan council members, Yujin Yoon, Seoul Metropolitan Council member, had the highest declared assets at about 15.64 billion won.

The Public Officials Ethics Committee stated that if assets are falsely reported, omitted due to significant negligence, or illicitly accrued by exploiting information obtained through official duties, strict legal actions will be taken, including warnings, corrective measures, and fines.

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