K-water Corporation Again... Consecutive Embezzlement Incidents

Assemblyman Lee Joo-hwan "Audit by Board of Audit and Inspection Needed"

[Asia Economy Reporter Lee Ji-eun] While a Korea Water Resources Corporation employee who embezzled 8.5 billion KRW over seven years while working on real estate development projects in the Busan area was sentenced to prison, it has been confirmed that another embezzlement incident occurred in the same project team.

According to data received on the 14th from Korea Water Resources Corporation by Lee Ju-hwan, a member of the National Assembly Environment and Labor Committee from the People Power Party, employee A, who was in charge of compensation work at the Busan Eco Delta City project team in May, was dismissed after it was confirmed that he embezzled about 729 million KRW in five instances from 2017 to 2020.

The audit revealed that employee A used the embezzled money for stock investments and other purposes. The embezzlement was detected in April.

In October last year, it was also confirmed through an internal audit by the Water Resources Corporation that employee B, who handled accounting work for the Eco Delta City project, embezzled 8.5 billion KRW over seven years from January 2014 to November 2020.

Assemblyman Lee said, "Since similar embezzlement incidents have been consecutively detected in the same project team, the corporation, including President Park Jae-hyun, cannot escape responsibility," and added, "A rigorous investigation such as an audit by the Board of Audit and Inspection is necessary."

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