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New Seoul Arts Center President Han Na-chang Reports 7.8 Billion Won in Assets, Including 1.37 Billion Won in Cellos
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Elections & Politics

New Seoul Arts Center President Han Na-chang Reports 7.8 Billion Won in Assets, Including 1.37 Billion Won in Cellos

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • Han Na-chang, president of the Seoul Arts Center, reported assets of 7.8 billion won, the highest among heads of institutions under the Ministry of Culture, Sports and Tourism.
  • Her reported assets include 1.28 billion won in an apartment in Gangnam, Seoul, and 1.37 billion won in cellos and other musical instruments.
  • Other heads of cultural institutions, including the Korea Craft and Design Promotion Agency and the King Sejong Institute Foundation, also disclosed their assets, with amounts ranging from 1.9 billion to 2.2 billion won.

Han Na-chang, the newly appointed president of the Seoul Arts Center and a former cellist and conductor, has reported assets totaling approximately 7.8 billion won (around $5.6 million USD). This disclosure makes her the wealthiest among the heads of institutions affiliated with the Ministry of Culture, Sports and Tourism.

Her reported wealth includes a valuable collection of musical instruments, with her cellos and pianos valued at 1.37 billion won ($980,000 USD). Among these are a cello worth 1.28 billion won and a Steinway piano valued at 133.74 million won.

Beyond her instruments, Han's assets encompass a Seoul apartment valued at 1.28 billion won and a house in California worth 653.49 million won. She also holds 2.77 billion won in domestic and international bank deposits and 1.73 billion won in stocks and other securities.

Other cultural institution heads also disclosed significant assets. Kim Kyung-bae, president of the Korea Craft and Design Promotion Agency, reported 2.23 billion won, including an apartment in Yongin. Jeon Woo-yong, chairman of the King Sejong Institute Foundation, declared 1.93 billion won, primarily in deposits.

DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.