Most top officials got richer last year

By Lee Hugh Posted : March 26, 2026, 09:43 Updated : March 26, 2026, 09:45
Lawmakers gather for a meeting at the National Assembly in Seoul on Dec. 30, 2025. Yonhap
SEOUL, March 26 (AJP) - Most high-ranking government officials and lawmakers saw their wealth increase last year, mainly due to a rise in the value of their real estate and stocks, according to figures released by the Government Ethics Committee on Thursday.

Some 1,903 public servants including central and provincial officials required to declare their wealth, reported average personal assets of 2.09 billion Korean won (US$1.3 million) as of the end of last year, up about 148 million won from the previous year.

Among 287 lawmakers, excluding Ahn Cheol-soo and Park Deok-heum of the People Power Party, the two with assets exceeding 50 billion won, the average wealth of the remaining 285 stood at 2.89 billion won, up about 202 million won.

Ahn reported by far the greatest wealth among lawmakers at 125.7 billion won, though his assets declined by 11.07 billion won. The former IT tycoon was followed by Park who reported 54.79 billion won.

About 30 percent or 616 officials had assets exceeding 2 billion won, followed by 538 officials with 1 billion to 2 billion won and 374 officials with 500 million to 1 billion won. The rest held less than 500 million won.

President Lee Jae Myung reported 4.98 billion won, up 1.89 billion won from a year earlier, largely due to income from a book he published last year outlining his political visions, as well as savings from his salary.

Among cabinet members, Han Seong-sook, a former CEO of the country's largest online portal Naver, disclosed the highest assets at 22.3 billion won.

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