Kim Won-woong, President of Gwangbokhoe, May Eventually Resign Amid Vote of No Confidence

[Image source=Yonhap News]

[Asia Economy Yang Nak-gyu, Military Specialist Reporter] Kim Won-woong, chairman of the Gwangbokhoe, who is suspected of embezzling profits, has agreed to hold an extraordinary general meeting for a vote of no confidence in the chairman.

According to Gwangbokhoe on the 15th, a notice sent on the 14th to the delegates who make up the general meeting informed that an extraordinary general meeting will be held at 11 a.m. on the 18th at the Gwangbokhoe Hall for a vote of no confidence in the chairman.

Considering that this notice is issued in the name of Chairman Kim, who has the authority to convene the extraordinary general meeting, it means that Chairman Kim, who had refused to resign, suddenly changed his position within three days.

Earlier, members urging Chairman Kim's resignation, including the Gwangbokhoe Reform Group, requested the convening of an extraordinary general meeting on the 9th to propose a motion for his dismissal. Accordingly, Gwangbokhoe must hold the extraordinary general meeting within one month from the request date, meaning the meeting must be held by March 8. If two-thirds or more of the total delegates (61 members), i.e., 41 or more, vote in favor of dismissal at the extraordinary general meeting, the motion will pass.

The Ministry of Patriots and Veterans Affairs announced on the 10th the results of an audit confirming that some suspicions that Chairman Kim, who operated a cafe in the National Assembly to provide scholarships to children of national merit recipients, used the profits for personal purposes were true. The ministry also requested the police to investigate Chairman Kim and other related parties.

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