Gangnam District Administrator Cho Sung-myeong of Seoul was found to have the most assets among basic local government heads. Administrator Cho reported assets totaling 46.26049 billion won, the second most among officials subject to asset disclosure.
According to the "2026 regular asset change report for public officials" released by the Government Public Officials Ethics Committee on the 26th, Administrator Cho reported 46.26049 billion won, down 1.94459 trillion won from a year earlier.
Looking specifically at the assets Administrator Cho reported: ▲ land 12.90334 billion won ▲ buildings 31.69014 billion won ▲ automobiles 76.8 million won ▲ deposits 3.12392 billion won ▲ securities 29.45 million won ▲ bonds 12.02741 billion won ▲ debt 13.9456 billion won ▲ golf membership 355 million won, among others.
Administrator Cho's assets rank second even among the 1,903 people subject to disclosure. No. 1 is Lee Se-woong, governor of North Pyongan Province at the Ministry of the Interior and Safety (MOIS) Committee for the Five Northern Provinces, with total assets of 158.72484 billion won. Born in Uiju, North Pyongan, Lee served as chairman of Shinil Enterprise and president of the Korean Red Cross.
The No. 2 in assets among basic local government heads is Choi Kyung-sik, mayor of Namwon, North Jeolla. He reported 18.65024 billion won. He is followed by Kim Ki-woong, county chief of Seocheon, South Chungcheong (12.48449 billion won); Jeong Young-cheol, county chief of Yeongdong, North Chungcheong (9.30065 billion won); Choi Jin-bong (7.96758 billion won); Na Dong-yeon, mayor of Yangsan, South Gyeongsang (7.42882 billion won); Myeong Hyun-gwan, county chief of Haenam, South Jeolla (7.01984 billion won); Lee Sang-il, county chief of Hampyeong, South Jeolla (6.77381 billion won); Oh Tae-won, Administrator of Buk District, Busan (6.33074 billion won); and Lee Sang-il, mayor of Yongin, Gyeonggi (5.75872 billion won).