The assets of Ulsan Mayor Kim Sang-wook increased from 1.9 billion Korean won at the end of last year to 5 billion Korean won immediately after the June 3 local elections this year, marking a rise of 3.1 billion Korean won in half a year. This is attributed to the surge in domestic and international listed stocks during the first half of the year.
According to the public officials’ property disclosure data released by the Government Ethics Committee, Mayor Kim reported assets worth 5.0246 billion Korean won as of July–August. Mayor Kim does not own a house but holds 267㎡ (approximately 81 pyeong) of land in Yeongdeok County, Gyeongbuk, valued at 103.8 million Korean won. The majority of his assets (91.2%) are in deposits, amounting to 4.5805 billion Korean won.
Mayor Kim’s reported assets were 1.9454 billion Korean won as of the end of last year when he was a member of the National Assembly. By the end of April this year, when he resigned to run for the Ulsan mayoral election, his assets had increased to 3.7585 billion Korean won, a rise of 1.8131 billion Korean won over four months. Most of the increase (1.7704 billion Korean won) was due to higher deposits, which Mayor Kim attributed to “salary savings, fund profits, and law firm dividends” at the time.
The assets disclosed today were reported by Mayor Kim after he took office as mayor, between July and August. His assets increased by an additional 1.2661 billion Korean won compared to the end of April, with most of the increase (1.2185 billion Korean won) coming from further growth in deposits. This time, Mayor Kim reported the increase as “changes in fund valuation.”
Looking solely at Mayor Kim’s Woori Bank account, it grew from 1.3511 billion Korean won at the end of last year to 4.2785 billion Korean won in July–August.
The specific funds held by Mayor Kim were not disclosed. However, the KOSPI rose from 4,214.17 at the end of last year to 9,052.42 on June 19, and SK Hynix’s stock price increased from 651,000 Korean won at the end of last year to 2.919 million Korean won on June 22 this year.
This disclosure included the assets of 13 newly elected metropolitan mayors and provincial governors out of 16. The assets of three re-elected officials—Seoul Mayor Oh Se-hoon, Gyeongbuk Governor Lee Cheol-woo, and Gyeongnam Governor Park Wan-su—were disclosed based on the end-of-year 2025 figures and were not updated due to legal requirements.
Including their end-of-year 2025 disclosures, Seoul Mayor Oh Se-hoon had the highest assets among the 16 metropolitan mayors and provincial governors. Mayor Oh reported owning a 194.24㎡ (approximately 59 pyeong) multi-family housing unit in Daechi-dong, Gangnam-gu, Seoul, valued at 2.584 billion Korean won, deposits of 1.7926 billion Korean won, and total assets of 7.2896 billion Korean won. Mayor Kim ranked second.
Third was Daegu Mayor Choo Kyung-ho, who reported a 106.78㎡ (approximately 32 pyeong) apartment in Dogok-dong, Gangnam-gu, Seoul, valued at 3.016 billion Korean won, deposits of 2.2053 billion Korean won, debts of 1 billion Korean won, and total assets of 4.2812 billion Korean won.
Gyeonggi Governor Choo Mi-ae reported an officetel in Yeouido, Seoul, valued at 302.47 million Korean won, deposits of 2.4651 billion Korean won, and total assets of 3.6976 billion Korean won. Chungcheongbuk-do Governor Shin Yong-han reported a 50% stake in an 84.75㎡ (approximately 26 pyeong) property in Itaewon-dong, Yongsan-gu, Seoul, valued at 654 million Korean won, 2.84 billion Korean won lent to others, deposits of 445.51 million Korean won, and total assets of 3.2695 billion Korean won.
Incheon Mayor Park Chan-dae reported 2.9054 billion Korean won, Gyeongnam Governor Park Wan-su reported 1.9877 billion Korean won, Gyeongbuk Governor Lee Cheol-woo reported 1.9008 billion Korean won, Gangwon Governor Woo Sang-ho reported 1.791 billion Korean won, and Jeollabuk-do Governor Lee Won-taek reported 1.0368 billion Korean won.
Jeollanam-do and Gwangju Mayor Min Hyung-bae reported 642.02 million Korean won, Busan Mayor Chun Jae-soo reported 623.23 million Korean won, Daejeon Mayor Heo Tae-jung reported 545.39 million Korean won, Chungcheongnam-do Governor Park Soo-hyun reported 533.08 million Korean won, and Jeju Governor Wi Sung-gon reported 461.1 million Korean won. Sejong Mayor Jo Sang-ho reported the lowest assets at 393.42 million Korean won.
The assets of six staff members appointed in June to President Lee Jae Myung’s Cheong Wa Dae were also disclosed. Legal System Secretary Park Ji-young reported a 165.45㎡ (approximately 50 pyeong) apartment in Banpo-dong, Seocho-gu, Seoul, valued at 4.58 billion Korean won, deposits of 2.8578 billion Korean won, securities of 2.4044 billion Korean won, and total assets of 9.2177 billion Korean won. Senior Presidential Secretary for Public Relations Seong Ghi-hong reported a 125.17㎡ (approximately 38 pyeong) apartment in Daechi-dong, Gangnam-gu, Seoul, valued at 3.9 billion Korean won, deposits of 1.416 billion Korean won, securities of 1.3657 billion Korean won, and total assets of 8.6635 billion Korean won. Chief of Staff Han Chan-sik reported a 130.96㎡ (approximately 40 pyeong) new apartment subscription right in Seocho-gu, Seoul, valued at 2.5567 billion Korean won, deposits of 1.1499 billion Korean won, and total assets of 5.8607 billion Korean won.
First Deputy Director of the Office of National Security Kang Geon-jak reported 1.0415 billion Korean won, Autonomous Development Secretary Kim Tae-geun reported 553.97 million Korean won, and Social Policy Chief Kim Kyung-ja reported 507.47 million Korean won.
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