Kim Jong-gap, president of the Korea Electric Power Corporation, registered a property worth 16,531.22 million won, showing that it is the highest asset price among high-ranking government officials. In particular, President Kim earned more than 2 billion won last year only through stock investment. This is the result of aggressive investments in domestic and overseas stocks such as Tesla, Tencent, Naver, and Jingdong.com.
According to the’Regular Property Changes in 2021′ released by the Government Officials Ethics Committee through the official gazette, President Kim’s wealth increased by 28.143 million won during the year from 13.7 billion won to 1,6531.2 million won last year. Of these, 2,081.8 million won is the income earned from stock investment. In the midst of a sharp decline in the stock price due to the Corona 19 shock last year, it has increased the return on investment by steadily buying stocks.
President Kim was a former bureaucrat who served as the head of the Korean Intellectual Property Office and the vice minister of the Ministry of Industry. In addition to his long bureaucratic life, he gained experience as a chief executive in a private company.
President Kim’s return on investment last year reached 60.6%. His securities account increased by 2,088.8 million won over the past year to 5,516.8 million won from the previous 34,3499 million won. Even in the crash last year, President Kim increased his stock holdings both at home and abroad. This is the result of aggressive investments in domestic and international stocks such as Tesla, Tencent, Naver, and Dongjin.com. Tesla, which it had previously, bought an additional 622 shares. Tesla is a stock that once increased more than 10 times compared to the beginning of last year. President Kim also bought 300 shares of Square, an online payment service company founded by Twitter co-founder Jack Doshi.
Domestic stocks held a lot of enter and game stocks. It owns 24 shares of Netmarble Games, and bought 20 new shares of Kakao Games. Naver also bought 240 shares last year. Reported as being held. In addition, 36 and 65 additional shares of Celltrion and SK Biopharm were purchased in the bio field, respectively.
President Kim, such an investment talent, also had failed investment destinations. It is KEPCO, who is serving as the president. President Kim owns 750 shares of KEPCO, but has not succeeded in stimulating the stock price due to a deficit that has continued over the years. Last year, the power purchase cost fell due to falling oil prices and turned to a surplus, but the stock price is still in its position. In particular, despite the introduction of a fuel cost indexing system recently, the share price fell as the government’s policy to freeze electricity bills in the second quarter.
In addition, President Kim reported a total of 1.45 billion won for land in Paju, Gyeonggi Province, 2.63 billion won for apartments in Samseong-dong, Gangnam-gu, Seoul, and 1.39 billion won for apartments in Songpa-dong, Songpa-gu, as well as 3,677,000 won in buildings and 6.36 billion won in deposits.
Reporter Jihoon Lee [email protected]
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