"'Government Funds Are Not Blind Money' Perception Shift"...Inspection of Public Finance Fraudulent Claims

Inspection of 27 Public Institutions, Local Governments, and Education Offices from the 31st to Year-End
R&D Projects, Social Welfare Facilities, Support for Social Enterprises, Nuri Curriculum, etc.

Jeon Hyun-hee, Chairperson of the Anti-Corruption and Civil Rights Commission. (Photo by Yonhap News)

[Asia Economy Reporter Moon Chaeseok] "We will implement the Public Finance Recovery Act to change the perception that 'government money is blind money.'"

Jeon Hyun-hee, Chairperson of the Anti-Corruption and Civil Rights Commission, stated this while announcing plans to conduct inspections to prevent fraudulent claims of public funds by public institutions.

The Commission announced on the 28th that it will conduct inspections of 27 institutions in areas prone to fraudulent claims of public funds, such as research and development (R&D) projects, from the 31st of this month until the end of the year.

They will review the execution and management of finances in sectors where fraudulent claims occur annually, including ▲ R&D projects ▲ support for social welfare facilities by local governments ▲ support for social enterprises ▲ support for the Nuri Curriculum by education offices.

These sectors were selected for inspection due to their high public interest and ongoing concerns about financial waste caused by continuous fraudulent claims of public funds.

The inspection will also cover 27 institutions including public organizations, local governments, and education offices, focusing on ▲ recovery of fraudulent public fund payments ▲ imposition of penalties and fines ▲ internal training after the law’s enforcement ▲ prior notification to beneficiaries of public fund payments ▲ and the establishment of the system.

If the inspection finds significant indications of corruption such as fraudulent claims that require investigation or recovery, the Commission plans to request investigations and notify supervisory agencies. It will also recommend related institutions to pursue system improvements where necessary.

Considering the spread of the novel coronavirus disease (COVID-19), on-site inspections and face-to-face contact will be minimized, as will the number of institutions and personnel subject to inspection.

Chairperson Jeon said, "We will continue to conduct inspections, training, and publicity to enhance the soundness and transparency of public fund management."

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