Assets Disclosure by Public Officials: Korea

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Declaration Content

What kind of / value of assets must be declared?

Car, cash more than US $500, jewelry, bonds, land, house, club memberships, real estate, stocks, ships, and boats.

Is it necessary to include family members’ assets as well?

With the 2001 amendment, all close family members were also included in the law and were required to file their declaration of assets. Korea has a national registry of unique identifying numbers (similar to the SSN in the United States). This makes it easy