How do you view the’honest’ loan for overseas stocks?[과학을 읽다]

[아시아경제 김봉수 기자] It was found that the recently appointed First Vice Minister of Science and Technology Information and Communication, Yong Hong-taek, owed 100 million units of debt to my overseas stocks. As a high-ranking public official, he pointed out that there is no illegal or illegal law, but it is questionable whether it is appropriate.

In this regard, President Moon Jae-in performed eight vice-ministerial figures on the 26th. Vice Minister Yong Yong was promoted and appointed as the first vice minister overseeing science and technology policy from the head of the R&D policy office. It was a person with an added’disadvantage’ in that it overtook the head of the Planning and Coordination Office, which is the number one in the ministry. The Blue House said, “The expert who has been leading science and technology policy and R&D innovation,” said, “The national future through the creation of a creative and challenging research environment, carbon-neutral R&D, and space technology development based on planning power, business propulsion, and smooth communication capabilities.” It is expected that it will greatly contribute to securing growth engines.” After graduating from the Department of Electrical Engineering at Hanyang University, Vice Minister Yong entered politics with a technical examination, and is a former orthodox bureaucrat who has been working in the field of science and technology policy all the time.

However, the day before, the government disclosed the property of high-ranking officials, so I looked at the property details of Vice Minister Yong and found more interesting facts. The total scale was only 90.6 billion won, which is significantly smaller than the high-ranking officials of the Ministry of Science and ICT and affiliated agencies, which averaged about 3 billion won. At this level, you can see that Deputy Minister Yong is a bureaucrat who has always been good at self-management. There was no land in the controversial 3rd new town these days, and there were no apartments received by Sejong City.

The problem is that he has been ‘spiritual’ (a slang word for investing by attracting souls), even paying debts from the overseas stock investment boom that has been on the rise since last year. Last year, Vice Minister Yong bought a total of 146.48 million won in overseas stocks, which is a whopping 19 stocks. Instead of buying stocks of individual listed companies, they invested little by little in ETFs, that is, 19 funds whose yield is determined by the movement of a specific stock index.

In addition, Vice Minister Yong’s spouse and eldest son also bought new overseas stocks worth 51476,000 won and 26477,000 won, respectively. My spouse bought 10 stocks, but all were ETFs except Johnson & Johnson and Ares Capital. Jangnam also invested a small amount in five ETF stocks and several stocks, including Boeing, Carnival, and Apple.

Where is the source of loans for the stock investment by Loan Yong? It does not mean that you broke your deposit. All of his family’s deposits increased little by little, increasing from 239,23,000 won in the previous year to 244 million won. Most of the other properties, such as real estate, are the same as the previous year. However, the debt has increased significantly. From 52.8 million won in the previous year to 186.27 million won, there has been a sharp increase of 133 million won. This is because they received new loans from Nonghyup Bank (100 million won), Public Employees Pension Service (12499,000 won), and Samsung Fire & Marine Insurance (additional 47.8 million won) in the name of Vice Minister Yong Yong.

Taking these facts together, it seems that vice-minister Yong was intensively investing in overseas stocks by borrowing from banks last year when the overseas stock investment boom was in full swing.

From the standpoint of Vice Minister Yong Yong, who was born in 1963 and is about to retire at the retirement age, no one can say anything about doing legal financial technology to ensure the retirement. There must have been nothing illegal or problematic as it went through the harsh Blue House personnel verification process. Probably, he wasn’t even expected to be promoted to his loan. However, if the person who owes money to a bank and invests in stocks and overseas stocks’perpetually’ is a high-ranking public official who is in charge of an important part of state affairs, shouldn’t it be a little rethinking?

As you know, investing debts in my stocks can really get your soul drawn into stocks. Even if you start with your spare assets, it is assumed that you click the stock app all day long, but it is an overseas stock investment that started with a large amount of debt. No matter how much the corona 19 pandemic (a global pandemic), both domestic and overseas stock markets are showing strong performance in addition to the ultra-low interest rate situation.

In addition, ETFs are sensitive to the flow of overseas stock markets, so you need to pay attention, such as having to go to overseas sites from dawn to search for news. Because of this, there are a lot of office workers these days who sit at their desks in broad daylight and dodge.

Isn’t that what the people would expect from President Moon Jae-in, who appointed him, or Vice Minister Yong Yong, an orthodox technology bureaucrat?

Reporter Kim Bong-soo [email protected]