Feb 26 • 15:01 UTC 🇰🇷 Korea Hankyoreh (KR)

February Public Officials' Asset Disclosure: Lee Han-joo's 7.6 billion Asset Leads Current Officials

Lee Han-joo, chair of the Economic and Social Research Committee, reported assets worth 7.6 billion won, making him the wealthiest among current officials in the February asset disclosure.

In a recent asset disclosure from the South Korean government, Lee Han-joo, the chair of the Economic and Social Research Committee and a policy mentor to President Lee Jae-myung, reported his assets totaling 7.6 billion won. This report, published by the Government Public Ethics Committee, included 120 officials who underwent status changes from November 2 to December 1 of the previous year. Lee's declared assets, which were the highest among current officials, included multiple properties such as a share in an apartment in Gangnam and several lands in Yangpyeong.

Lee Han-joo has been a controversial figure due to previous allegations of real estate speculation linked to his role in designing the government’s basic income policy. The asset declaration revealed that his wealth comprised real estate and other holdings, which have drawn public scrutiny. His reported assets also included a significant amount related to a contractual share in an apartment in Cheongdam-dong, which has been the subject of discussions regarding its true market value, rumored to be between 5.2 billion to 6.3 billion won.

Among the reported figures, Choi Yong-chan from the Legislation Ministry declared 5.47 billion won, placing second, while Huang Soo-yeop from the Ministry of Health and Welfare reported 4.22 billion won. In contrast, among retirees, former head of the Science and Technology Committee, Noh Do-young declared the highest assets at 17.08 billion won, followed by the former CEO of Korea National Oil Corporation, Kim Dong-seob, at 9.77 billion won, reflecting the ongoing concerns over asset disparities and transparency among public officials in South Korea.

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