Multiple-home owner with 8.24 billion won in assets, BOK governor nominee Hyun-Song Shin says, "I have put my officetel on the market"

According to The Financial News, BOK governor nominee Hyun-Song Shin has reported total assets of 8,241.02 million won held under his own name, his spouse’s name, and his eldest son’s name.
According to the request for a confirmation hearing submitted on the 4th, Shin owns an 84.92-square-meter unit in Donghyeon Apartment on Eonju-ro in Gangnam District, Seoul, valued at 1,509 million won, under his own name. He and his spouse also jointly own a 198.108-square-meter officetel unit in the D-PALACE complex in Sinmunno, Jongno District, valued at 1.8 billion won.
Shin purchased the apartment in July 2014 and the officetel in July 2024, and has held both properties since then.
A BOK official said, "Shin has put the officetel in Korea on the market," adding, "He also plans to dispose of his apartment in the United States."
Shin holds deposits totaling 2,367.93 million won in his own name across bank and securities accounts in Korea and overseas. He also owns shares worth 9.15 million won, including 44 shares of Samsung Electronics and 1 share of LG Energy Solution, as well as a UK government bond (gilt) worth 302.08 million won (150,000 pounds).
Among his assets classified as deposits, he also holds 303.82 million won worth of the SOL Korea Value-Up TR ETF.
In addition, the nominee reported that his spouse owns an apartment in Illinois, United States, valued at 284.94 million won and deposits of 1,856.92 million won. His eldest son holds shares worth 28.61 million won and deposits of 82.39 million won.
Shin’s mother refused to consent to disclosure of her assets, and his married eldest daughter was excluded from the registration.
Back in 2010, when Shin served as presidential secretary for international economy and disclosed his assets, he reported 2,223.51 million won. Over 16 years, his wealth has grown to nearly four times that amount.
If Shin passes the confirmation hearing at the National Assembly of the Republic of Korea and takes office as BOK governor, he will become the second-wealthiest member of the Monetary Policy Board after member Jang Yong-seong, who has assets of 12,403.43 million won.
In the written request for the confirmation hearing, President Lee Jae Myung of South Korea stated, "(Shin) possesses outstanding insight into domestic and global financial and economic conditions, a broad understanding of macroeconomic policy including monetary policy, and excellent international acumen," adding, "At a time when uncertainty surrounding domestic and external conditions for our economy is high, he is the right person to promote the sound development of the national economy by ensuring price stability and financial stability."
The National Assembly of the Republic of Korea must complete the hearing process within 20 days from the date it receives the request for a confirmation hearing. The Finance, Economy and Planning Committee has not yet set a date for the hearing.
Given that the term of current BOK governor Lee Chang-yong runs until the 20th of this month, the hearing is expected to be held by the third week of this month at the latest.
stand@fnnews.com Seo Ji-yoon Reporter