Police Launch Full Investigation into Kim Won-woong, President of Gwangbokhoe

[Image source=Yonhap News]

[Asia Economy Yang Nak-gyu, Military Specialist Reporter] It has been reported that the police have launched a full-scale investigation into Kim Won-woong, President of the Gwangbokhoe. This follows an audit result revealing that Kim, who operated a cafe in the National Assembly under the pretext of providing scholarships to children of national merit recipients through the Ministry of Patriots and Veterans Affairs, used the profits for personal purposes.

On the 11th, a Ministry of Patriots and Veterans Affairs official stated, “We have requested the police to investigate Kim and other related parties, and we understand that the investigation has now begun,” adding, “We plan to cancel the approval of related profit-making businesses and take disciplinary actions, as well as provide administrative guidance to the Gwangbokhoe.”

The Ministry of Patriots and Veterans Affairs announced that, according to the audit results on the 'private use of slush funds' by Kim Won-woong, President of the Gwangbokhoe, approximately 10 million won out of the 61 million won of slush funds raised by the Gwangbokhoe was deposited into Kim’s personal bank account and then used.

According to the Gwangbokhoe Reform Group and others, some delegates of the Gwangbokhoe are pushing to convene an extraordinary general meeting on the 22nd. The plan is to gather current and former delegates on that day to discuss countermeasures and pressure Kim to resign. According to the Gwangbokhoe bylaws, an extraordinary general meeting can be convened if more than half of the general meeting delegates propose it, and executives can be dismissed if two-thirds or more of the total members of the general meeting approve. Kim, who took office in June 2019, has a term lasting until May next year.

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