[Breaking] Kim Won-woong Voluntarily Resigns as President of Gwangbok Association... "Bows Head in Apology"

[Asia Economy Yang Nak-gyu, Military Specialist Reporter] Kim Won-woong, president of the Gwangbokhoe, who has been suspected of embezzling profits, has resigned. Kim, who took office in June 2019, was disgracefully forced to step down after 2 years and 8 months as it was revealed that he had created slush funds using the profits from the cafe operated by the Gwangbokhoe for the scholarship project for descendants of national merit recipients.

On the 16th, Kim issued a statement saying, "I bow my head and apologize for tarnishing the pride of the members and the honor of the Gwangbokhoe," adding, "It was entirely my fault that such an unfortunate incident occurred because I did not know how to judge people and failed in supervision and management."

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