Former North Pyongan Governor Lee Se-woong Reports Assets of 275.9 Billion Won, Boosted by 116.2 Billion Won in Stocks

Lee Se-woong, former Governor of North Pyongan Province for the Committee for the Five Northern Korean Provinces, has seen a massive surge in his stock wealth.

According to the ad-hoc property registration details for senior public officials released by the Government Public Ethics Committee through the official gazette, former Governor Lee reported holding 275,951,249,000 won in assets, an increase of 117,226,406,000 won from the 158,724,843,000 won he reported last March.

This represents a 73.9% increase in his assets over a period of 7 months.

Among the 82 subjects of this property disclosure, former Governor Lee ranked first in both total assets and the amount increased.

The biggest factor driving up former Governor Lee's assets was the rise in stock prices.

The securities assets held by former Governor Lee and his spouse surged by 116,234,446,000 won (109.3%), from 106,354,794,000 won to 222,589,254,000 won.

Former Governor Lee held 840,500 shares of Samsung Electronics, 18,469 shares of Korean Air, 2,845 shares of LG Electronics, 1,907 shares of Hanjin KAL, 1,321 shares of Kia, 308 shares of LG, 182 shares of GS, and 176 shares of Daewoo E&C, while his spouse held 3,585 shares of Daewoo E&C and 2,060 shares of POSCO International.

In addition, the value of his land increased by 842,916,000 won (2.3%) from 37,356,118,000 won to 38,199,034,000 won, and his buildings grew by 389 million won from 9,129,002,000 won to 9,518,002,000 won.

He also reported a 2025 Genesis G90 vehicle (valued at 140.62 million won), golf memberships worth about 301.3 million won, and condominium memberships worth 31 million won.

Song Nam-su, the current Governor of North Pyongan Province who succeeded former Governor Lee, registered assets of 2,107,644,000 won for the first time.

He reported holding buildings valued at approximately 1,703,890,000 won located in Giheung-gu, Yongin-si, Gyeonggi Province; Asan-si, South Chungcheong Province; and Dongan-gu and Manan-gu in Anyang-si, Gyeonggi Province, while deposits under his and his spouse's names totaled 1,101,170,000 won.

Former Fire Commissioner Huh Suk-gon and former Vice Fire Commissioner Lee Young-pal, who are standing trial without detention over allegations of involvement in cutting off electricity and water supplies to media outlets during the December 3 martial law, reported assets of 808,857,000 won and 2,174,108,000 won, respectively.

Compared to their previous declarations, the assets of former Commissioner Huh decreased by 12,335,000 won, and former Vice Commissioner Lee's assets decreased by 94,931,000 won.

(Photo: Website of the Committee for the Five Northern Korean Provinces, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.