Song Seok-eon, chair of the Jeju Free International City Development Center (JDC), a public agency under the Ministry of Land, Infrastructure and Transport, ranked among the top three incumbent high-ranking officials by assets.
According to the "Status of ad hoc disclosures for June 2026" released by the Government Public Officials Ethics Committee on the 26th, a total of seven related high-ranking officials, including heads of agencies under the Ministry of Land, Infrastructure and Transport, were subject to this disclosure. Among them, Chair Song Seok-eon, who made the list of top asset holders among incumbents, was confirmed to be a wealthy individual who, in his and his spouse's names, owns multiple commercial buildings and ranch land in the Jeju area.
Chair Song Seok-eon reported real estate (land and buildings) worth a total of 1.43428 billion won. Song owns in his name half the equity (480.00㎡, 360.57 million won) of a 960.00㎡ commercial building in Nohyeong-dong, Jeju City. His spouse also owns the remaining half equity of the same building, meaning the couple effectively owns one entire commercial building.
In addition, Chair Song owns in his name a single-family house (96.7 million won) on a 151.00㎡ lot with a 46.28㎡ building in Seogwi-dong, Seogwipo, and a lot in Seogwi-dong (29.78 million won). As for land, he also owns ranch land (1,482.00㎡) valued at 33.79 million won in Wimi-ri, Namwon-eup, Seogwipo, showing that all reported real estate assets are concentrated in the Jeju area.
Song also reported two vehicles in his name (a 2022 G80 and a 2016 Sonata Hybrid) worth 49.81 million won, deposits of 60.926 million won, securities of 2.40856 billion won, and debt of 815 million won. The total reported assets for him, his spouse, and his eldest son came to 6.04349 billion won.
This June's ad hoc asset disclosure covered 96 officials whose status changed between Mar. 2 and Apr. 1 this year. High-ranking figures related to the Ministry of Land, Infrastructure and Transport included four incumbents—Chair Song Seok-eon; Kim Tae-seung, president of Korea Railroad Corporation (KORAIL); Park Hyun-sik, executive vice president of SR Co.; and Geum Hong-seop, standing auditor of Korea Railroad Corporation (KORAIL)—and three retirees—former Incheon International Airport Corporation (IIAC) President Lee Hak-jae, former Korea National Railway Chair Lee Seong-hae, and former Korea Railroad Corporation standing auditor member Kwon Se-ho—for a total of seven.
President Kim Tae-seung reported a total of 591.434 million won. He owned a single-family house and other assets worth 116 million won in Gochang County, North Jeolla. Executive Vice President Park Hyun-sik owned a jeonse leasehold right for an apartment and other assets worth 40 million won in Banwol-dong, Hwaseong, Gyeonggi, but due to financial debt and other factors, his total assets came to a negative 72.392 million won. Standing Auditor Geum Hong-seop reported total assets of 351.477 million won, including an apartment in Daedeok District, Daejeon.
Among retirees, recently resigned former President Lee Hak-jae reported assets of 5.524976 billion won, up 63.807 million won from the previous filing. Former Chair Lee Seong-hae reported buildings totaling 1.122 billion won, including equity (625.13 million won) in a single-family house in Jowon-dong, Jangan District, Suwon, Gyeonggi, and a jeonse leasehold right (200 million won) in the Hanil Town apartment in Suwon. His total assets stood at 2.155425 billion won, up 19.813 million won from the previous filing.
Former standing auditor member Kwon Se-ho's assets increased by 702.29 million won from the previous filing. This is attributed to a 711 million won rise in the price of the Hanbo Mido Mansion in Daechi-dong, Gangnam District, Seoul, owned by Kwon and his spouse, bringing it to 3.168 billion won.