According to the personnel hearing request submitted to the National Assembly on September 4, 2026, Lee maintained an apartment in Gwacheon for 17 years while accumulating a total actual residence time of just four months, rendering him a long-term “non-resident single-homeowner.”
Here is the operational breakdown of the nominee’s disclosures and the concurrent economic landscape.
The Bottom Line
- Asset Scale: Nominee Lee Hyung-il reported a total household net worth of 31억7593만원 KRW across family members, including the jointly held Gwacheon property.
- Residency Timeline: According to parliamentary filings covered by the JoongAng Ilbo, Lee spent roughly 16 years as a non-resident owner due to public service relocations, including a three-year overseas dispatch to the International Bank for Reconstruction and Development (IBRD).
Unpacking the 17-Year Housing Discrepancy
Public records show that Lee acquired the apartment in Gwacheon’s Burim-dong district in February 2009. Over the subsequent 17 years, actual occupancy was restricted to two distinct windows: November 1, 2012, to January 2, 2013, and December 3, 2018, to February 8, 2019, totaling four months of physical residence. The balance of the timeline reflects institutional realignments and international deployments.
Following the Ministry of Economy and Finance’s relocation to Sejong in December 2012, Lee relocated his primary base of operations to Daejeon. This was followed by a three-year international posting starting in 2015 to the International Bank for Reconstruction and Development (IBRD). The remaining intervals were covered by leased residences across Anyang, Gwacheon, and Seoul.
| Category | Reported Asset Detail | Valuation / Amount |
|---|---|---|
| Nominee Lee Real Estate & Assets | Gwacheon Burim-dong Apartment (50% share) & Sangdo-dong Jeonse lease | 6억5950만원 KRW (share) / 7억6800만원 KRW (lease) |
| Vehicles & Liquid Funds | 2017 Genesis vehicle, Deposits, Minus Liabilities | 1130만원 KRW (vehicle) / 2억9669만원 KRW (deposits) |
| Spouse Holdings | Joint apartment share and personal deposits | 10억214만원 KRW total |
| Daughter & Son Holdings | Texas residential lease, deposits, and securities | 2억3554만원 KRW (daughter) / 2억1569만원 KRW (son) |
Family Portfolio Breakdown and Financial Disclosures
The preliminary hearing documents detail total declared assets of 31억7593만원 KRW across the nominee, his spouse, and children. Lee’s individual filings comprise the half-share of the Gwacheon Burim-dong apartment valued at 6억5950만원 KRW, a lease right for an apartment in Sangdo-dong, Dongjak-gu, valued at 7억6800만원 KRW, a 2017 Genesis vehicle valued at 1130만원 KRW, alongside 2억9669만원 KRW in deposits and 393만원 KRW in debt, totaling 17억455만원 KRW in net declared wealth.
The nominee’s spouse reported 10억214만원 KRW in assets, including the co-owned apartment and 3억664만원 KRW in deposits. Meanwhile, the eldest daughter declared a residential lease in Texas, United States, alongside 2억3390만원 KRW in deposits, totaling 2억3554만원 KRW. The eldest son reported 2억1569만원 KRW in deposits and securities. The nominee’s father invoked independent livelihood exemptions to decline asset disclosure. On the service front, Lee is a Republic of Korea Air Force lieutenant veteran, while his son postponed military enlistment in March due to ongoing academic commitments.
Policy Direction Amid Market Expectations
The balance sheet data from the parliamentary filings highlight the personal financial structures typical of senior public servants navigating decades of cross-jurisdictional government assignments.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
