The Korea Herald

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Top civil servants’ wealth averages 1.8 billion won

By Korea Herald

Published : May 24, 2013 - 21:03

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The average wealth of the government’s top officials is 1.83 billion won ($1.63 million), a government report has showed.

The government’s Public Ethic Committee disclosed on Friday the assets of 27 top senior civil servants, including President Park Geun-hye, Prime Minister Chung Hong-won and other Cabinet members.

President Park saw an increase in wealth of 120 million won to 2.56 billion won, compared to before taking her post, while the prime minister is slightly above the average with 1.87 billion won, according to the committee.

Of the 27 top-ranked officials, Cho Yoon-sun, the Minister of Gender Equality and Family, topped the list with 4.69 billion won. Cho was the first female lawyer to be hired by Kim & Chang, the nation’s largest law firm, and served as the vice chairman of the Seoul office of Citibank, before entering politics in 2002.

Justice Minister Hwang Kyo-ahn is ranked second on the list with 2.16 billion won, followed by Environment Minister Yoon Seong-kyu with 1.92 billion won, according to the report.

Meanwhile, Mo Chul-min, education and cultural affairs secretary, registered the smallest figure of 171 million won, followed by Unification Minister Ryoo Kihl-jae with 180 million won and Minister of Employment and Labor Phang Ha-nam with 330 million won.

The Friday’s list, however, did not include Finance Minister Hyun Oh-seok, Health and Welfare Minister Chin Young and three other Cabinet members whose assets were disclosed in the previous report in March. Hyun and Chin reportedly hold assets worth 4.17 billion won and 3.84 billion won, respectively.

Under an anti-corruption law, senior-level civil servants and members of the National Assembly are required to report their personal assets every year.

By Oh Kyu-wook (596story@heraldcorp.com)