South Korea’s Ulsan Mayor Kim Sang-wook’s assets increased by more than 3 billion won in 8 months

The assets of Ulsan Mayor Kim Sang-wook in South Korea were 1.94541 billion won at the end of last year, and increased to 5.02459 billion won in August this year. (AFP)

Make so much money! The South Korean Government's Ethics Committee for Public Servants released today (29th) the property declaration information of civil servants. Among them, Ulsan Mayor Kim Sang-wook's assets were 1.94541 billion won (approximately NT$45.57 million) at the end of last year. By August this year The monthly increase was 5.02459 billion won (approximately NT$117.7 million), an increase of 3.07918 billion won (approximately NT$72.07 million) in eight months. It is speculated that it may be affected by the surge in stocks and funds.

According to the Chosun Ilbo report, according to the property declaration data of South Korean civil servants from July to August, Kim Sang-wook does not have a house in his name, but he owns 267 square meters (approximately 81 square meters) of land in North Gyeongsang Province with a value of 103.8 million won (approximately NT$2.43 million). His main assets come from bank account funds, totaling 4.58045 billion won (approximately NT$107 million).

Please read on...

It is understood that when Kim Sang-wook was a member of the National Assembly at the end of last year, his property was declared to be 1.94541 billion won. When he resigned in April this year to join the Ulsan mayoral election, his property had increased to 3.7585 billion won (approximately NT$88 million). At that time, he explained that the money came from salary savings, fund income, and law firm dividends.

The information reported by Kim Sang-wook for July and August now shows that his assets increased by 1.266 billion won (approximately NT$29.64 million) compared with April, reaching 5.02459 billion won, most of which was due to the increase in account funds. He claimed that it was due to changes in the market value of the funds he held.

No need to draw, no need to grab. Now use the APP to read the news. You are guaranteed to win every day. Click me to download the APP. Click me to see the event details.