Lee Hyung-il Reports 3.18 Billion Won in Assets, Including 1.32 Billion-Won Gwacheon Apartment

Lee Hyung-il has declared 3.175934 billion won in assets for himself, his spouse and their two children as he prepares for a parliamentary confirmation hearing for deputy prime minister and finance minister.

A confirmation request submitted to the National Assembly said Lee personally reported 1.704557 billion won. His holdings included a half share in a Jugong apartment in Burim-dong, Gwacheon, valued at 659.5 million won, and a 768 million-won leasehold in Hillstate Sangdo Central Park in Seoul’s Dongjak district. He also listed a 2017 Genesis vehicle worth 11.3 million won and 296.694 million won in deposits. His liabilities to the Government Employees Pension Service and Nonghyup Bank totaled 30.937 million won.

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He is a leading policy expert who has held major economic policy posts and has proven his ability to lead an economic leap forward despite difficulties at home and abroad through outstanding expertise, planning and coordination skills, and execution.

Lee’s spouse reported 1.020141 billion won, including the other half of the jointly owned Gwacheon apartment, also valued at 659.5 million won, and 360.641 million won in deposits. Their eldest daughter reported 235.545 million won, including a leasehold on a home in Austin, Texas, and deposits. Their eldest son reported 215.69 million won in assets, including deposits. Lee’s father declined to disclose his assets.

President Lee Jae-myung described the nominee as an experienced economic policymaker with expertise in planning, coordination and implementation. He said Lee had the qualifications to accelerate economic growth, strengthen a rebound in potential growth, stabilize household finances and address widening disparities.

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He is judged to be fully qualified and capable of bringing new vitality to our economy and ensuring stable growth as a young economic leader, drawing on the policy experience and expertise he has accumulated.