Bank of Korea Governor's assets total 8.2 billion won, including deposits and Gangnam apartment

Shin Hyun-song, the newly appointed Governor of the Bank of Korea, has declared personal assets amounting to 8.22 billion won (approximately $6 million USD), according to the government's public disclosure of officials' assets.

This marks the first asset disclosure since Shin took office in April. His reported wealth includes over 4.6 billion won in deposits, making it the largest portion of his assets. He also owns an apartment in Seoul's affluent Gangnam district and a jointly owned officetel in Jongno-gu.

Shin's total declared assets are slightly lower than the 8.24 billion won he reported as a nominee during his confirmation hearing. The deposits are spread across domestic and international financial institutions, including Vanguard and Princeton Federal Credit Union in the U.S.

His real estate holdings are valued at 3.58 billion won. This includes a Donghyun apartment in Nonhyeon-dong, Gangnam-gu, valued at 1.59 billion won, and a 50% stake in a Jongno-gu officetel, valued at 1.8 billion won. Shin had previously stated his intention to sell the Jongno officetel and an apartment in Evanston, Illinois, following controversy over multiple property ownership during his confirmation hearing. He noted that the Nonhyeon-dong apartment was under a lease agreement with his mother and he had no plans to sell it.

Meanwhile, former Bank of Korea Governor Lee Chang-yong reported total assets of 5.48 billion won. His assets increased due to salary and interest income, with deposits rising by 31.66 million won. Lee also reported intellectual property income from four economics textbooks co-authored with Professor Emeritus Lee Joon-gu of Seoul National University, totaling 25.9 million won in royalties.