When you think about it most of these senior public officials are likely older and have more time to accumulate wealth. $1.3 million in average wealth is not that outrageous, but it does show you can do well in South Korea working in government:
Senior public officials in central and local governments have more than 2 billion won (US$1.3 million) in personal wealth on average, data showed Thursday.
A total of 1,903 senior officials declared an average of 2.09 billion won in personal assets as of end-2024, up about 30 million won from the average figure a year earlier, according to the Government Ethics Committee data.
Of the total, 616 officials, or 32.4 percent, had assets exceeding 2 billion won, followed by 538 with 1 billion won to 2 billion won and 374 with 500 million won to 1 billion won. The rest had less than 500 million won.
President Lee Jae Myung reported 4.97 billion won in assets, up 1.88 billion won from his last disclosure, mostly due to book royalties, his salary and unrealized gains of his exchange-traded fund investment.
Yonhap
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