Politics

Senior officials average 2.09 bil. won in assets

South Korean senior public officials reported average assets of 2.09 billion won, with President Yoon Suk Yeol declaring 4.97 billion won.

Image from koreatimes.co.kr

Image: koreatimes.co.kr

Senior public officials in South Korea's central and local governments reported average personal assets of 2.09 billion won (approximately $1.5 million), according to data released by the Anti-Corruption and Civil Rights Commission on Thursday, March 26, 2026. The figures are based on annual asset disclosures for 2025 from 1,847 high-ranking officials.

President Yoon Suk Yeol reported assets totaling 4.97 billion won ($3.6 million), a slight decrease from the previous year. The data shows that 77.5% of the officials' declared wealth is in real estate holdings.

The disclosure is mandated by South Korea's Public Service Ethics Act and aims to promote transparency. The commission stated that the average asset value saw a modest increase compared to the previous year's disclosures.

Asset declarations are a standard annual practice for high-ranking officials in South Korea, intended to prevent conflicts of interest and corruption by making personal wealth public.

📰 Original source: koreatimes.co.kr Read original →
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