President Lee Jae-myung, "Candidate Lee Hyeong-il has been verified as a policy expert... He is the right person to ensure economic stability and growth."
Quick Look
- Lee Hyeong-il, deputy prime minister and candidate for the Ministry of Finance and Economy, reported a total of 3.17593 billion won worth of assets in the name of himself and his family.
- The spouse reported 1.0214 billion won, the eldest daughter reported 235.54 million won, and the eldest son reported 215.69 million won, and the father refused to report.
- President Lee Jae-myung said that candidate Lee is a proven policy expert who has held major positions in economic policy and that he is the right person to inject new vitality into the economy and ensure stable growth.
AI-generated summary
Why It Matters
Candidate Hyung-il Lee was nominated as Deputy Prime Minister and Minister of Finance and Economy, and his assets were disclosed during the personnel hearing. President Lee Jae-myung evaluated the suitability of the candidates by emphasizing their economic policy experience.
President Lee Jae-myung: “He has been verified as a policy expert… He is the right person to ensure economic stability and growth.”
(Seoul = Yonhap News) Reporter Park Gyeong-jun and Park Jae-ha = Deputy Prime Minister and Minister of Finance and Economy candidate Lee Hyeong-il reported a total of 3.17593 billion won in assets in the name of himself, his spouse, and children.
According to the personnel hearing request submitted to the National Assembly on the 4th, candidate Lee holds 659.5 million won in half shares in an apartment in Burim-dong, Gwacheon-si, Gyeonggi-do, jointly owned by the couple, 768 million won in lease rights to an apartment in Sangdo-dong, Dongjak-gu, Seoul, 2017 model Genesis vehicle (11.3 million won), 296.69 million won in deposits, 30.93 million won in debt, etc. It was found that he holds 1,704,550,000 won.
The spouse reported 1.0214 billion won, including an apartment owned with candidate Lee and 360.64 million won in deposits. The eldest daughter reported 235.54 million won, including 1.64 million won in lease (lease rights) for a residence in Texas, USA and 233.9 million won in deposits.
The eldest son reported a total of 215.69 million won, including deposits and securities.
The father refused to give notice on the grounds that he wanted to make an independent living.
This candidate retired from the Air Force as a lieutenant, and his eldest son postponed his enlistment last March due to academic reasons.
President Lee Jae-myung said in his statement of reasons for requesting a personnel hearing, "Candidate Lee has proven his ability as a leading policy expert who has held key positions in economic policy," and added, "Based on the policy experience and expertise he has accumulated over the years, he is judged to be the right person with the capabilities and qualifications to inject new vitality into our economy and grow the economy stably."
What to Watch
AI outlook — possibilities, not facts
A confirmation hearing for candidate Lee Hyeong-il will be held.
Very likely · Within days
Open Questions
- What is the candidate’s specific economic policy direction?
- What effect will the father's refusal to provide notice have on future personnel hearings?
- How are tax or foreign exchange filings related to my eldest daughter's U.S. residence handled?
