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THE INVESTOR

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Lawmakers’ average wealth increases W143m

  • PUBLISHED :March 23, 2017 - 16:24
  • UPDATED :March 23, 2017 - 16:24
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[THE INVESTOR] The average wealth of South Korean lawmakers has increased by more than 143 million won (US$127,000) between 2015 and 2016, the parliamentary committee on public official ethics revealed on March 23. 


The National Assembly building in Yeouido, western Seoul


According to the committee, excluding the wealth of four lawmakers worth more than 50 billion won, the average came to about 2.1 billion won in 2016.

Overall, 237 of the 299 lawmakers saw their wealth increase last year. Of these, 143 lawmakers saw wealth increase of more than 100 million won over the one-year period.

The four lawmakers excluded from the average are Rep. Kim Byoung-gwan of the Minjoo Party of Korea, Rep. Kim Se-yeon of Bareun Party, Rep. Ahn Cheol-soo of the People’s Party and Rep. Park Duk-hyum of the Liberty Korea Party.

Minjoo’s Kim is worth 167.8 billion won, most of the wealth is in form of shares of the game maker Webzen. Bareun’s Kim was the second richest, with 155.8 billion won, followed by Ahn with 119.5 billion won. Park’s reported assets came to about 50 billion won.

At the other end of the scale, Rep. Jin Sun-mee of the Minjoo Party of Korea came in lowest with debt of over 1.4 billion won, followed by Rep. Kim Han-pyo of the Liberty Party with 47 million won debt.

By Choi He-suk (cheesuk@heraldcorp.com)
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