Local election winners’ average wealth at W880 mil.
By Kwon Mee-yoo Mayors, governors, council members and education superintendents newly elected in the June 2 election reported an average of 880 million won ($704,000) in personal wealth as of July, the Ministry of Public Administration and Security said Tuesday. It said the eight new metropolitan government chiefs reported assets worth 800 million won on average, while eight new education superintendents posted an average 570 million won. Among mayors and governors, Seoul Mayor Oh Se-hoon topped the list with 5.6 billion won followed by Daejeon Mayor Yum Hong-chul with 2.2 billion won. Incheon Mayor Song Young-gil registered as being 78 million won in debt as he borrowed some 340 million won for the election campaign. Among superintendents, Kwak No-hyun, the top educator in Seoul, reported 846 million won in debts, also as a result of loans he tapped to finance his election campaign. The elected officials reported diverse assets. Kim Gil-yong, a regional education board member in Busan, registered intellectual property rights of songs written by his composer son,