Noh Tae-ak Reports 2.2 Billion Won in Assets, Increases Savings by 41 Million Won

Noh Tae-ak, who resigned from his position as chair of the National Election Commission due to the responsibility for the ballot shortage during the June 3 local elections, reported assets totaling 2.2 billion won.

According to the asset registration details released on June 25 by the Supreme Court Public Officials Ethics Committee, Noh's assets increased by 41.69 million won since the last disclosure in March. The increase was attributed to savings from his salary.

The asset breakdown shows that the largest portion, valued at 1.86 billion won, is from an apartment in the Bangbae-dong area of Seocho-gu, Seoul, owned by him and his spouse. Additionally, a 10 million won jeonse (key money deposit) for a property in Suwon, Gyeonggi Province, registered under his eldest son, brings the total real estate assets to 1.87 billion won.

Noh reported deposits totaling 592.15 million won, which includes 405.17 million won in his name, 171.22 million won in his spouse's name, and additional savings from their children.

His total liabilities amount to 188.8 million won, with 174 million won classified as personal debt.

The virtual assets held by his eldest and second sons were reported at a total of 4.6 million won.

Noh was appointed as chair of the National Election Commission in May 2022 by former Supreme Court Chief Justice Kim Myung-soo.

After retiring from the Supreme Court in March this year, he continued to serve as chair due to the ongoing process of appointing his successor. However, following the ballot shortage incident during the June 3 local elections, he expressed his intention to resign and subsequently stepped down from the position.