The average wealth per person among the heads of Korea's 16 metropolitan governments came to nearly 2.7 billion won. Seoul Mayor Oh Se-hoon reported 7.38961 billion won, the most, while North Chungcheong Governor Kim Young-hwan was the only metropolitan chief nationwide to have negative assets. Kim has reported negative assets for three consecutive years since 2024.

Seoul Mayor Oh Se-hoon. /Courtesy of News1

According to the 2026 regular asset changes for public officials released by the Government Public Officials Ethics Committee on the 26th, the average assets of metropolitan government heads subject to disclosure nationwide totaled 2.68847 trillion won.

Oh reported 7.28961 billion won, down 115.93 million won from a year earlier. He and his spouse jointly own a multi-family home in Daechi-dong, Gangnam-gu, Seoul, valued at 2.584 billion won. Oh also holds deposits of 1.7926 billion won and 1.06091 billion won worth of overseas stocks, including Tesla, MicroStrategy, and Nvidia.

Oh's spouse reported land worth 137.27 million won in Seongseok-dong, Ilsandong-gu, Goyang, along with deposits of 1.04291 billion won and 1.52782 billion won in overseas stocks. Five sculptures were also reported at 55 million won.

In addition, Oh holds a Lotte Fitness Club membership (12 million won), and his spouse has a Banyan Tree Club and Spa Seoul membership (120 million won).

Busan Mayor Park Heong-joon sits for an interview with ChosunBiz. /Courtesy of Seongwon Park

Busan Mayor Park Heong-joon ranked second among metropolitan chiefs in assets after Oh. He reported 5.52992 billion won, down 366.2 million won from the previous year.

Most of the assets were real estate. He was found to hold 5.96215 billion won in the Haeundae LCT and land under his spouse's name. Combined deposits for the couple were 537.44 million won. Park also reported a country club membership in Gijang County (about 500 million won). Total debt, including private and financial liabilities, was 1.59611 billion won.

They were followed by Gangwon Governor Kim Jin-tae (4.39274 billion won), Gyeonggi Governor Kim Dong-yeon (3.7981 billion won), Ulsan Mayor Kim Doo-kyum (3.02259 billion won), Daejeon Mayor Lee Jang-woo (2.95984 billion won), South Jeolla Governor Kim Yung-rok (2.70934 billion won), North Jeolla Governor Kim Kwan-young (2.62371 billion won), South Gyeongsang Governor Park Wan-su (1.98775 billion won), Sejong Mayor Choi Min-ho (1.98287 billion won), North Gyeongsang Governor Lee Cheol-woo (1.90081 billion won), Incheon Mayor Yoo Jeong-bok (1.81455 billion won), South Chungcheong Governor Kim Tae-heum (1.59204 billion won), Gwangju Mayor Kang Gi-jung (1.17523 billion won), and Jeju Governor Oh Young-hun (900.39 million won).

Chungcheongbuk-do Governor Kim Young-hwan. /Courtesy of Chungcheongbuk-do

North Chungcheong Governor Kim Young-hwan was the only metropolitan chief nationwide to report negative assets. Kim's reported amount was -331.97 million won. That was a slight improvement from the -400.7 million won reported a year earlier. Kim's assets have been negative for three consecutive years since 2024.

According to Kim's filing, his assets include 750.16 million won in land in the Goesan area, 6.8332 billion won in buildings, 32.67 million won in automobiles, and 150.04 million won in deposits.

His debt, by contrast, is 8.09804 billion won. Of that, 7 billion won reportedly arose when plans to sell three buildings in Jongno, Seoul, were canceled early in his term. He had planned to sell buildings to repay the debt but is said to have been unable to find suitable buyers.

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