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๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Elections & Politics

Prime Minister nominee Han Sung-sook declares assets of over 25 billion won

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • Han Sung-sook, the nominee for Prime Minister, reported a total personal wealth of over 25.3 billion won (approximately $19 million USD).
  • Her assets include two houses, significant bank deposits, and substantial stock holdings, with her wealth increasing by over 2.7 billion won since the previous year.
  • Han previously faced legal issues in 2006 for violating information and communication network laws, though her team stated she was not directly involved in posting obscene content.

Han Sung-sook, the nominee for South Korean Prime Minister, has declared personal assets totaling 25.39 billion won (approximately $19 million USD), according to documents submitted for her parliamentary confirmation hearing.

Her declared wealth includes real estate valued at 3.06 billion won, bank deposits amounting to 10.32 billion won, and stocks worth 2.06 billion won. This represents an increase of over 2.7 billion won from her previously declared assets at the end of last year. Han owns two houses, one in Seoul's Samcheong-dong and another in Gyeonggi Province's Yangpyeong, along with a partial share in a property in Gyeonggi Province's Yangju. She also reported owning an office building in Seoul's Gangnam district and commercial properties in Jongno-gu, Seoul.

Her stock portfolio is primarily composed of foreign shares, including Tesla, Apple, Palantir, and Nvidia, as well as exchange-traded funds (ETFs). Additionally, she holds a leasehold for an apartment in Seoul's Naesu-dong, government bonds, and a private loan. Her mother reported separate assets totaling 381 million won, mainly consisting of land and deposits in Yangju.

During her career, Han faced legal scrutiny in 2006 for violating the Act on Promotion of Information and Communications Network Utilization and Information Protection, resulting in a fine and forfeiture. At the time, she was the head of the search service division at the portal site Empas. Her confirmation hearing preparation team clarified that while she was held responsible as the overall head of search services, she did not directly post obscene content.

The charges were against portal site service representatives who were reported in 2005, and all received penalties. At the time, the candidate was held responsible as the overall head of Empas's search services, but it is not true that she directly posted obscene content.

โ€” Han Sung-sook's confirmation hearing preparation teamClarification regarding Han Sung-sook's past legal issues.
DistantNews Editorial

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