"Administrative Director Signs on Behalf of Executives"... Ilgwanghakwon Notified of Suspension of All Executive Duties

7 Directors and 2 Auditors Suspended
False Meeting Minutes Created and Unauthorized Signatures Made
Executive Appointment Approval Cancellation Also Enforced

[Asia Economy Reporter Hyunju Lee] A 60-day suspension from duty has been imposed on all executives of Ilgwang Academy, which operates Uchon Kindergarten and Elementary School.

The Seoul Metropolitan Office of Education announced on the 24th that this action was taken on the 23rd against seven board members and two auditors.

According to the recent findings from the Public Interest Whistleblowing Center of the Seoul Metropolitan Office of Education’s Audit Office regarding the operation of the board of directors, it was confirmed that Ilgwang Academy had not actually held many board meetings since 2001 but fabricated minutes as if they had, and administrative office staff forged signatures of executives who supposedly attended the meetings, resulting in abnormal board operations.

Since Chairman Lee Gyutae of Ilgwang Group took over management rights in 2001, Ilgwang Academy did not hold board meetings until 2010. During this period, the administrative office manager fabricated false meeting minutes and arbitrarily stamped executives’ seals that were kept on file. After 2010, it was discovered that the administrative office manager and staff forged signatures in the executives’ signature fields for board meetings.

In particular, Chairman Lee’s wife and son Lee Jongchan, despite having their executive appointment approvals revoked due to accounting fraud, have been improperly involved in board and academic operations until recently, and reportedly no one was able to stop them.

Furthermore, regarding 11 unresolved corrective demands since 2013, unfair treatment of six whistleblowing staff members, improper hiring of 16 administrative employees, and the arbitrary actions of the former chairman whose executive appointment approval was revoked, cancellation of executive appointment approvals will also be pursued against 13 individuals. After appeals and other procedures, a temporary director will be appointed by the Private School Dispute Mediation Committee under the Ministry of Education.

This content was produced with the assistance of AI translation services.