Gyeonggi Province Public Officials' Asset Disclosure: Governor's Assets Increase, Provincial Education Superintendent's Decrease

The average assets of Gyeonggi Province public officials stood at 825.07 million won, an increase of 37.62 million won compared to 788.45 million won last year.

The Gyeonggi Province Public Officials Ethics Committee disclosed assets for 423 people, including 414 city and county basic-level councilors and 9 executives from public-affiliated organizations, on the 29th of last month.

According to asset change reports, of the total 423 people, 242 (57.2%) saw their assets increase while 181 (42.8%) saw decreases.

Gyeonggi Province Governor Kim Moon-soo's assets increased by 1.11 million won, rising from 444.43 million won to 445.54 million won through salary savings and other means, representing a net increase of 1.1 million won over the past year.

In contrast, Gyeonggi Province Education Superintendent Kim Sang-gon saw his assets decrease by 51.89 million won, from 783.91 million won in the previous year to 732.02 million won. .

First Vice Governor for Administration Kim Seong-ryeol held 566.36 million won, Second Vice Governor for Administration Choi Seung-dae held 705.20 million won, and Vice Governor for Economy Lee Jae-ryul held 720.11 million won.

Provincial Assembly Speaker Yoon Hwa-seop (Democratic Party, Ansan District 5) saw his assets increase by 5.65 million won, from 327.14 million won to 332.79 million won due to increases in deposits and insurance holdings.

The highest asset declaration came from Ui-wang City Councilor Lee Dong-soo with 16.678 billion won, while the lowest was Paju City Councilor Yu Byeong-seok with negative 943.64 million won.

Last year, of 425 people, 204 (48.0%) saw assets increase while 220 (51.8%) saw decreases, with 1 official (0.2%) experiencing no asset changes.

The Gyeonggi Province Public Officials Ethics Committee plans to review asset changes for those who filed reports by the end of June (with possible three-month extensions if necessary) and plans to strengthen its review of asset formation processes.

Furthermore, for those who filed incomplete reports or omitted assets, measures will be taken in accordance with the Public Officials Ethics Act review results, including warnings and corrective actions, fines, dismissal, and disciplinary requests.

Meanwhile, in accordance with Articles 6 and 10 of the Public Officials Ethics Act, regular asset change filers must report asset changes from January 1 through December 31, 2012 (or from the date of first disclosure through December 31 for those making initial disclosures in 2012) by the end of February, and the Public Officials Ethics Committee must disclose asset changes within one month after the filing deadline expires.