Newly elected officials report average assets of 1.35 billion won

In the wake of the June local elections, newly elected officials across the nation have revealed an average wealth of 1.35 billion won ($996,500) per person, as reported by the Government Ethics Committee. This data encompasses 1,259 individuals, comprising 563 local governors, mayors, councilors, and education chiefs who secured their positions during the recent elections. Additionally, the figures include 586 individuals who had retired from their elected roles and 110 appointed public officials.

The newly elected officials' average assets varied based on the size of their respective local governments. Heads of large local governments boasted an average wealth of 1.99 billion won, while those in smaller localities declared an average wealth of 1.69 billion won. Among the heads of smaller local governments, Bonghwa County Mayor Choi Gi-young emerged as the wealthiest, with a reported 34.9 billion won in assets.

Similarly, Yoon Yu-jin, a member of the Seoul Metropolitan Council, led the list of newly elected officials with considerable wealth, amassing 15.64 billion won.